A Cheque Made Payable to a Particular Person Is Called

question 33

Multiple Choice

A cheque made payable to a particular person is called:

• A)a bearer cheque.
• B)an order cheque.
• C)an endorsed cheque.
• D)a crossed cheque.

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Definitions:

Insurance Policy

An insurance policy is a legal contract between an insurer and the insured, outlining the terms under which the insurer agrees to compensate the insured for specific losses in exchange for a premium.

Transfer Risk

The uncertainty associated with cross-border financial transactions, particularly the risk that a foreign debtor will default on its obligations due to external factors like currency restrictions.

Laissez-faire Capitalism

An economic philosophy advocating for minimal government intervention in the market.

Minimal Government Intervention

Minimal government intervention refers to an economic policy or philosophy where the government has a very limited role in the economy, allowing the market to operate with minimal regulatory influence.