Examlex
Which is an example of the selected-response item format?
Pay to the Order
A phrase written on checks or drafts instructing the financial institution to pay the specified amount to the individual or entity named.
Trust
A fiduciary relationship in which one party, known as the trustee, holds property on behalf of another party, known as the beneficiary.
Sign
To write or use a symbol, like one's name, on a document as a way of acknowledging or agreeing to its terms.
Deposits
Sums of money placed in accounts within financial institutions or as security for contracts, which might earn interest over time.
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