Lana Wrote a Check Knowing That She Did Not Have

question 18

Multiple Choice

Lana wrote a check knowing that she did not have sufficient funds in her account.What is this practice called?

• A)check kiting
• B)bouncing a check
• C)check forgery
• D)check covering

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Definitions:

Annuity Contract

A financial product sold by financial institutions that provides a series of payments in exchange for an initial payment.

Annual Return

The percentage change in an investment's value over a year, accounting for dividends, capital gains, and interest earned.

Investment

Assets acquired or money spent in the hope of generating income or profit over time, including stocks, bonds, property, or equipment.

Compound Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.