Which of the Following Is Not True of a Bank

question 40

Multiple Choice

Which of the following is not true of a bank cheque?

• A)It is a cheque drawn by a financial institution on itself.
• B)It must be handwritten rather than typed.
• C)It is seen to be more reliable than a personal cheque.
• D)It is often used when a transaction involves a large sum of money.

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Definitions:

Recent Month

The latest completed month period for which data or details are considered or analyzed, typically in a financial or operational context.

Break-even Point

The level of production or sales at which total revenues equal total expenses, resulting in no profit or loss.

Unit and Dollars

Refers to the measure of financial and physical quantities in terms of units (number of items) and their monetary value in dollars.

Monthly Net Operating Income

Net operating income calculated on a monthly basis, indicating the profitability of business operations within that month.