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:

Legal Barriers

Restrictions or regulations established by law that limit entry or operation in certain markets or industries.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, leading to a reduction in average costs per unit.

U.S. Postal Service

A federal agency that provides postal and mail delivery services across the United States and its territories.

Essential Resource

A resource considered vital for the survival of an ecosystem or the well-being of a population.