You Have Just Received a Check

question 32

Short Answer

You have just received a check. Your account number is # 5391-2165. Write the endorsement and identify what type it is, allowing the check to be transferred to your partner John Jones.

---

Definitions:

Hang Seng

The Hang Seng Index is a freefloat-adjusted market-capitalization-weighted stock-market index in Hong Kong, used to record and monitor daily changes of the largest companies of the market.

Repurchase Agreements

Short-term loans where securities are sold with an agreement to repurchase them at a higher price at a future date, often used for raising short-term capital.

T-bills

Short-term U.S. government debt obligations known for their safety and liquidity, maturing in one year or less.

Money Market Mutual Funds

Investment funds that invest in short-term debt securities, providing investors with high liquidity and a relatively safe investment.