The Line of Credit Against Which Drafts (Checks) Can Be

question 53

Multiple Choice

The line of credit against which drafts (checks) can be drawn (written) up to a specified maximum amount is called a/an

• A) foreign bond.
• B) Discounting.
• C) Overdraft.
• D) maximum withdrawal.

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Definitions:

Social Level

The standing or rank of an individual or group within the structure of a society, often determined by factors like occupation, income, or education.

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, from basic physiological needs to self-actualization.

Motivated

Having a strong desire or willingness to act and achieve goals, driven by internal or external factors.

Extrinsic Rewards

Are provided by someone else.