What Is the Effect of 'Crossing' a Cheque with Two

question 24

Multiple Choice

What is the effect of 'crossing' a cheque with two parallel lines?

• A)The cheque is revoked.
• B)The cheque becomes non-transferable.
• C)The cheque must be paid into a bank account.
• D)The cheque becomes not negotiable.

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Definitions:

Expected Value

The anticipated value of a variable, computed as the sum of all possible values each multiplied by the probability of its occurrence, used in probability and statistics.

Confidence Interval Estimate

A spectrum of values, drawn from sample statistics, projected to embrace the value of an undefined population measure.

Standard Error

A statistical measure that quantifies the variability or dispersion of a sample statistic from the population parameter.

Sample Size

The number of observations or units chosen from a population to participate in a statistical study, influencing the study's validity and conclusions.