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A Bank May Contractually Shift to Its Customer the Risk

question 20

True/False

A bank may contractually shift to its customer the risk of forged checks created electronically or otherwise by the use non-manual signatures.


Definitions:

Purely Competitive Firm

A company operating in a market where there are many buyers and sellers offering homogeneous products, leading to the inability to influence market price.

Total Revenue

The total income received by a firm from the sale of its goods or services.

Marginal Revenue

Marginal revenue is the additional income generated from selling one more unit of a good or service.

Marginal Revenue

The rise in income achieved by selling an extra unit of a product.

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