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:

Form 8-K

A report filed by publicly traded companies to announce major events that shareholders should know about, including acquisitions, disposals, and changes in control.

Significant Events

Major occurrences that have a profound effect on a company's operations and financial statements, such as mergers, acquisitions, or natural disasters.

Securities Accounting Standards (SASs)

A set of guidelines and rules for the accounting and reporting of transactions involving securities.

Accounting Principles

The rules and guidelines that companies must follow when reporting financial data.