Dalton Presents an Uncertified Check for Payment More Than Six

question 56

Multiple Choice

Dalton presents an uncertified check for payment more than six months after its date. The check was drawn by Emma on her account in First City Bank. First bank may do all of the following except

• A)cash the check.
• B)consult Emma.
• C)refuse to cash the check.
• D)ask Dalton what he would prefer.

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Definitions:

Marginal Cost Function

is a mathematical representation that shows how the cost of producing one additional unit of a good varies as the quantity of production changes.

Telecommunication Tax

Taxes that are applied specifically to telecommunication services provided to consumers, including telephone and internet services.

Market Supply And Demand

The economic model that explains the interaction between the supply of goods and services and the demand for them, determining their market prices.

Marginal Cost

A rise in the cumulative expenses associated with the production of an extra unit.