A Money Order Has the Same Function as a Cashier's

question 28

Multiple Choice

A money order has the same function as a cashier's check in that it is a method of paying a creditor without the use of a personal check. A fee is charged for a money order but not for a cashier's check.

• A) The first statement is true and the second statement is false.
• B) The first statement is false and the second statement is true.
• C) Both statements are true.
• D) Both statements are false.

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Definitions:

M&M Proposition I

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An economic theory that states that in efficient markets, identical goods must have only one price.

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