Ellen Bernstein Wrote a Cheque to Franz Dopier for $500,000

question 45

Multiple Choice

Ellen Bernstein wrote a cheque to Franz Dopier for $500,000 and was nervous that the cheque might get stolen and someone else may try to cash the cheque. Ellen should

• A)have post-dated the cheque
• B)have written "for deposit only" on the cheque
• C)have given a promissory note instead
• D)have given a bank draft instead
• E)have restricted the time frame in which the cheque could be deposited

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Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient trade.

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