Del Signs a Check "Pay to the Order of Eppie

question 3

Multiple Choice

Del signs a check "pay to the order of Eppie" drawn on Del's account in First Federal Bank.Greta forges Eppie's indorsement.First Federal pays the check.Most likely​ 

• A) ​Del will be liable for the amount. 
• B) ​Eppie will have to pay Del for the amount. 
• C) ​First Federal will have to recredit Del's account. 
• D) ​the Federal Reserve will reimburse all parties for their costs.

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Definitions:

Unemployment Rate

The portion within the labor force actively seeking work yet remains unemployed.

Employed

Refers to individuals who are currently working for pay or profit, including full-time and part-time positions, as well as temporary and seasonal work.

Cyclical Unemployment

Unemployment that results from economic recessions or downturns, reflecting the cyclical nature of an economy, where demand for labor decreases during slow economic periods.

Labor Force

The total number of people, including both employed and unemployed individuals, who are actively seeking work.