Daisy Signs a Check "Pay to the Order of Ewan

question 3

Multiple Choice

Daisy signs a check "pay to the order of Ewan" drawn on Daisy's account in Finance Bank. Graham forges Ewan's indorsement. Finance Bank pays the check. Most likely

• A)Daisy will be liable for the amount.
• B)Ewan will have to pay Daisy for the amount.
• C)Finance Bank will have to recredit Daisy's account.
• D)the Federal Reserve will reimburse all parties for their costs.

---

Definitions:

Marginal Cost

The financial increase required to produce one more unit of a good or service.

Weekly Wage

The total amount of money or compensation paid to an employee by an employer for work performed over the course of a week.

University

An educational institution designed for instruction, examination, or both, of students in many branches of advanced learning.

Monopolistic Distributor

An intermediary that possesses the exclusive power to distribute a product or service within a particular market, influencing prices and availability.