A Cheque Made Payable to a Particular Person Is Called

question 50

Multiple Choice

A cheque made payable to a particular person is called:

• A)A bearer cheque.
• B)An order cheque.
• C)An endorsed cheque.
• D)A crossed cheque.

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Definitions:

Budget Line

A representation of all possible combinations of two goods that an individual can afford given their income and the prices of the goods.

Income-Consumption Curve

A graphical representation showing how a consumer's optimal bundle of goods varies with changes in income.

Price Elasticity

A measure reflecting the impact of price variations on the demand for a particular product.

Telephone Wire

The physical medium through which electrical signals for voice communication are transmitted over distances, traditionally made of copper.