Dru Signs a Check "Pay to the Order of Eppie

question 49

Multiple Choice

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

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

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Definitions:

Geometric Sequence

A progression of numbers in which each term beyond the initial one is produced by the multiplication of the preceding term by a constant, non-zero multiplier called the common ratio.

Formula

A mathematical expression that describes a relationship among different quantities.

N Th Term

A formula that allows the calculation of any term in a sequence based on its position (n).

Salary

The amount of money paid to an employee at regular intervals for their services.