Gillian Writes a Check to Harris as Payment for a Video

question 59

Multiple Choice

Gillian writes a check to Harris as payment for a video game player but soon discovers the player is broken. She goes to the drawee bank and orally authorizes Ilene,a bank officer,to stop payment on the check. This order is valid for

• A)fourteen days.
• B)one year.
• C)six days.
• D)six months.

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Definitions:

Fiscal Policy

Fiscal Policy involves government spending and taxation decisions aimed at influencing a country’s economic activity.

Monetary Policy

The process by which the central bank or monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure economic stability and growth.

Supply-Side Policy

Economic policies aimed at increasing production and supply through incentives for investment, workforce expansion, and technological improvements.

Demand Shock

A sudden event that increases or decreases demand for goods or services, affecting prices and the economy.