Generally,Rita Signs Her Name Using an Infinity Symbol Rather Than

question 26

Multiple Choice

Generally,Rita signs her name using an infinity symbol rather than her legal name.Rita signed an instrument using this symbol.Which statement is correct?

• A)The instrument cannot be negotiable.To be negotiable,the instrument must be signed in Rita's legal name.
• B)The instrument cannot be negotiable.To be negotiable,the instrument must be signed in Rita's given name.
• C)The instrument cannot be negotiable.To be negotiable,the instrument must be signed using letters from the alphabet.
• D)The instrument can be negotiable.Rita intended to indicate her signature.

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Definitions:

Reserve Requirement Ratio

The fraction of deposits which a bank is mandated to hold in reserve, either in its own vaults or with the central bank, rather than lending to consumers.

Checkable Deposits

Bank accounts that allow the account holder to write checks or use debit cards to make payments directly from the account.

New Reserves

Resources or assets that have been newly discovered or identified, often referring to natural resources like oil, gas, or minerals that can be economically extracted.

Reserve Requirement Ratio

The fraction of deposits that banks must hold in reserve and not lend out, as mandated by the central bank.