A Personal Check with Guaranteed Payment Is Called A

question 72

Multiple Choice

A personal check with guaranteed payment is called a:

• A)traveler's check.
• B)bank draft.
• C)certified check.
• D)money order.
• E)cashier's check.

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Definitions:

Industry Supply Curve

A graphical representation showing the total quantity of a good or service that businesses in a specific industry are willing and able to supply at various prices.

Price of An Input

The cost associated with one unit of a raw material or component used in the production of goods or services.

Perfectly Competitive Industry

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product.

Short-Run Industry

An industry characterized by the presence of fixed and variable costs, where firms cannot enter or exit the market easily in the short term.