-If We Use the Numbers in the Above Table to Draw

question 252

Multiple Choice

-If we use the numbers in the above table to draw a graph, with the price on the vertical axis and the quantity on the horizontal axis, the line relating price and quantity has a slope of

• A) 0.8.
• B) -8.0.
• C) -1.25.
• D) 8.0.

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Definitions:

Bearer

An individual in possession of an instrument, such as a check or bond, that is not made out to a specific payee.

Certified Cheque

A cheque guaranteed by a bank, indicating that the funds are available and have been set aside for the payee.

Bill Drawn

A document requesting the payment of money, typically used in international trade, specifying the amount and terms of payment.

Drawee

is the party, often a bank, required to pay the monetary amount specified in a check or draft.