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Three of the Following Are Common Misconceptions That Elementary or Secondary

question 51

Multiple Choice

Three of the following are common misconceptions that elementary or secondary students are likely to have. Which one is not necessarily a common misconception?


Definitions:

Dishonored

refers to a financial instrument, such as a check or bill of exchange, that has been refused acceptance or payment.

Overdue

Overdue refers to a situation where a payment or obligation has not been met by its specified due date.

Cashier's Check

A check issued by a bank, drawn from the bank’s own funds and signed by a cashier or teller, guaranteed by the bank.

Payable

The amounts of money that a company owes to vendors or creditors for goods or services received that have not yet been paid.

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