Variables Measured at the Ordinal Level Do NOT Rank or Order

question 27

True/False

Variables measured at the ordinal level do NOT rank or order data.

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Definitions:

Sufficient Funds

The necessary amount of money available to complete a transaction or meet financial obligations.

Liable

Being legally responsible or obligated to make amends for harm caused to another person or property.

Drawee

The party upon whom a check, draft, or other negotiable instrument is drawn and is expected to pay.

Drawer

In banking and finance, the person who writes or issues a check or draft.