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An Increase in Interest Rates Will Cause

question 23

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An increase in interest rates will cause


Definitions:

Stop-Payment Order

A request made to a bank by an account holder not to pay a check or payment that has been issued but not yet cashed or withdrawn.

Valid

Legally binding and enforceable, meeting all necessary legal formalities and requirements.

Extends

Refers to something that increases in length, duration, or scope.

Stop-Payment Orders

A request made by an account holder to a bank to not pay out on a check or payment that has been issued on their account.

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