Which of the Following Is Correct with Respect to a Bank

question 17

Multiple Choice

Which of the following is correct with respect to a bank customer's duty to discover and report unauthorized signatures?

• A) The customer is required to exercise reasonable care and promptness to examine the bank statement.
• B) A customer's duty of examination includes checking the signatures of payees or indorsers.
• C) The bank is liable on all items with unauthorized signatures even if these canceled checks were returned to the customer four years prior to the discovery of the alterations.
• D) The bank is not required to exercise ordinary care in paying the items.

Recognize the effect of cost changes on market supply.

Identify the consequences of policy and regulation changes on markets.

Predict market outcomes based on simultaneous shifts in supply and demand.

Explain the invisible hand principle and its implications for market efficiency.

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Definitions:

Convergent Boundary

A tectonic plate boundary where two plates move toward each other, often resulting in mountain building, earthquakes, or volcanic activity.

Transform Boundary

A type of tectonic plate boundary where two plates slide past each other horizontally.

Seafloor Spreading

The process by which new oceanic crust is formed at mid-ocean ridges and slowly moves away from the ridge, contributing to continental drift.

Continental Drift

The theory that Earth's continents have moved over geologic time relative to each other, thus appearing to drift across the ocean bed.