When Opening a Bank Checking Account a Signature Card

question 181

Multiple Choice

When opening a bank checking account a signature card

• A) indicates to whom money is to be paid.
• B) indicates each person authorized to sign checks on the account.
• C) is attached to all pre-printed checks.
• D) is required only when dealing with an out-of-state bank.

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Definitions:

Income Subsidy

Financial assistance provided by the government to individuals or groups to increase their income.

Indifference Curves

Graphical representations used in microeconomics to illustrate combinations of two goods between which a consumer is indifferent.

Optimal Utility

The highest level of satisfaction or benefit that a consumer can achieve given their resources.

Consumption Bundle

A consumption bundle is a combination of various goods and services that an individual, household, or economy consumes over a given period.