When Opening a Bank Checking Account, a Signature Card

question 135

Multiple Choice

When opening a bank checking account, a signature card

• A)indicates to whom money is to be paid.
• B)indicates each person authorized to sign checks on the account.
• C)is attached to all pre-printed checks.
• D)is required only when dealing with an out-of-state bank.

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Definitions:

Inefficient Rationing

A situation where goods or services are distributed or allocated in a way that does not maximize utility or welfare, often due to non-market forces such as regulations.

Policymakers

Individuals or groups responsible for making decisions and laws that affect a country's economy, society, and overall governance.

Market Outcomes

The results of the interactions between buyers and sellers in a market, including prices, quantities sold, and changes over time.

Ration Goods

Products that are distributed in limited quantities, often through a system of rationing, due to shortages or wartime conditions.