Which of the Following Is NOT a Step Involved in Using

question 88

Multiple Choice

Which of the following is NOT a step involved in using checks?

• A) The recipient must present the check to the bank.
• B) The bank must present the check to the checkwriter's bank.
• C) The funds must be transferred from the checkwriter's bank to the recipient's bank.
• D) The funds must be transferred from the recipient's bank to the checkwriter's bank.

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Definitions:

Spending Changes

Alterations in the amount of money that consumers, businesses, and governments expend on goods and services.

Expansionary Fiscal Policy

A government policy aimed at increasing government spending and/or cutting taxes to stimulate the economy and increase demand.

Transfer Payments

Payments made by the government to individuals or other entities without receiving any goods or services in return, such as welfare or subsidies.

Federal Taxes

Taxes levied by the national government on income, property, sales, and other activities, used to fund public services and programs.