A ____________________ Is a Written Order Directing the Bank to Make

question 9

Short Answer

A ____________________ is a written order directing the bank to make a payment for the depositor.

---

Definitions:

Wal-Mart

A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.

Natural Monopoly

A market condition where due to high fixed costs or unique product, a single firm can supply a product or service to an entire market at a lower cost than two or more firms.

Public Utility

A company providing essential services such as water, electricity, and telecommunications to the public, often regulated by the government.

Unnatural Monopoly

A market structure where a single company dominates due to artificial barriers, such as regulations or patents, rather than market forces.