What Is the Effect of 'Crossing' a Cheque with Two

question 43

Multiple Choice

What is the effect of 'crossing' a cheque with two parallel lines?

• A)The cheque is revoked.
• B)The cheque becomes non-transferable.
• C)The cheque must be paid into the bearer's, payee's or transferee's own bank account.
• D)The cheque becomes not negotiable.

---

Definitions:

Willing To Pay

The maximum amount a consumer is prepared to spend on a good or service, reflecting their perceived value or utility.

Price Ceilings

Regulatory limits set on the price that can be charged for certain goods or services, intended to protect consumers from excessive rates.

Price Floors

A minimum price, set by law or agreement, below which a commodity cannot legally be sold, often used in agriculture to stabilize market prices.

Taxes

Compulsory financial charges imposed by a government on individuals, businesses, or transactions to fund public spending.