If the Written Amount on the Check Does NOT Match

question 80

Multiple Choice

If the written amount on the check does NOT match the amount expressed in figures, the bank may:

• A) pay the amount written in words.
• B) return the check unpaid.
• C) contact the drawer to see what was meant.
• D) All of the above are correct choices.

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Definitions:

Corporate Bond

A debt security issued by a corporation to raise financing for capital improvements, expansion, or other operational needs.

Profits

Earnings resulting from the successful management of a business, calculated as total revenues minus total costs.

Retains Earnings

The portion of a company's profits that are kept or withheld from shareholders to reinvest in the business or pay off debt.

Net Worth

The total assets minus total liabilities of an individual or company, indicating financial health.