To Certify a Check,the Bank Must

question 53

Multiple Choice

To certify a check,the bank must:

• A) tell the one who presents it.
• B) send a letter to the drawer.
• C) write the acceptance on the check.
• D) Any of these will be sufficient.

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Definitions:

Growth

The increase in the economic output of a country or region, typically measured by the rise in the Gross Domestic Product (GDP), over time.

Inflation

The escalation rate of average prices for merchandise and services, causing a fall in the ability to purchase.

Aggregate Demand Curve

illustrates the total amount of goods and services that households, businesses, government, and foreign buyers collectively will desire at each possible price level.

Long Run Aggregate Supply

Represents the total output an economy can produce when using its resources in the most efficient way, without changing the price levels.