Two Statements Are Given

question 6

Multiple Choice

Two statements are given. Identify the statement for which a ratio of the measurements is meaningful. State "Neither" or "Both" if appropriate.
-1 - At The Gap, Buffy has a credit card balance of $556, and Rosa has a credit line of $111.
2 - Juan saved $435 last month, and Ian saved $321 last month.

• A)At The Gap, Buffy has a credit card balance of $556, and Rosa has a credit line of $111.
• B)Juan saved $435 last month, and Ian saved $321 last month.
• C)Neither
• D)Both

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Definitions:

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, including sales, leases, and negotiable instruments.

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.

Holder in Due Course

A legal term describing a person who has acquired a negotiable instrument in good faith and has the right to collect on it, free from many defenses.

Due Diligence

The investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or a financial transaction with another party.