A Form of Check in Which the Bank Is Both

question 388

Multiple Choice

A form of check in which the bank is both the drawer and the drawee is called a:

• A) real check
• B) bank check
• C) cashier's note
• D) credit check
• E) none of the other choices are correct

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Definitions:

Diversification

A risk management strategy that involves spreading investments across various financial instruments, industries, or other categories to reduce exposure to any one particular risk.

Ethical Expectation

The moral standards or codes of conduct expected by a society, organization, or professional group from its members.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, emphasizing a balance between economic growth, environmental care, and social well-being.

Stockholders' Interests

concerns or priorities of shareholders, often related to the profitability and governance of a company, aiming to maximize their investment returns.