A Check Drawn on the Bank's Own Funds Is Called

question 11

Short Answer

A check drawn on the bank's own funds is called a(n) ____________________.

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Definitions:

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Selling Price

The selling price is the amount a buyer pays to acquire a product or service from a seller.

Marked Down

A reduction in the price of an item or product to encourage sale.

Marked Down

A reduction in the original selling price of goods, often to clear old stock or boost sales.