The Illegal Practice of Writing Cheques Against Money That Has

question 133

Short Answer

The illegal practice of writing cheques against money that has not yet arrived at the bank on which the cheque has been drawn is called
insider trading.
whistle blowing.
managing the monetary float.
kickbacks.
cheque kiting.

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Definitions:

Tickets

Documents or electronic vouchers that grant the holder permission to enter a place, travel on a vehicle, or participate in an event.

Marginal Revenue

The additional income received from selling one more unit of a good or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as price.