When a Bank Certifies a Check, the Amount Involved in the Certification

question 23

True/False

When a bank certifies a check, the amount involved in the certification will be debited in the depositor's account until payment of the certified check.

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Definitions:

Consumer Surplus

The split between the sum consumers are willing to pay for a good or service and the sum they finally pay.

Consumer Surplus

The discrepancy between the price consumers are inclined to pay for a product or service and the actual price paid.

Market Quantity

The total amount of goods or services available for purchase within a specific market.

Consumer Surplus

The divergence in total potential expenditure consumers are ready to make on a good or service against actual expenses incurred.