The Delivery of a Check Is Regarded as an Assignment

question 26

True/False

The delivery of a check is regarded as an assignment of money on deposit,and the drawee bank is required to pay the holder the amount of the check.

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Definitions:

Fundamental Analyst

An individual who evaluates securities by attempting to measure their intrinsic value based on economic and financial factors.

Past Price Patterns

Historical price movements of securities used by traders and analysts in the technical analysis to predict future market behavior.

Dividend

A portion of a company's earnings distributed to its shareholders, typically in the form of cash or additional shares.

Investing Community

A group of individuals and entities such as analysts, brokers, and investors interested in investment and financial markets.