A Form of Check in Which the Bank Is Both

question 39

Multiple Choice

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

• A)real check
• B)bank check
• C)cashier's check
• D)credit check
• E)cashier's note

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Definitions:

Operating Leverage

A financial ratio that measures the degree to which a company can increase operating income by increasing revenue, highlighting the impact of fixed costs.

High Debt

A situation where a company or individual carries a large amount of debt relative to their assets or equity.

Breakeven

The point at which total costs equal total revenue, resulting in neither profit nor loss.

Fixed Costs

Costs that do not change with the level of goods or services produced by a business, such as rent, salaries, and loan payments.