An Increase in Purchasing Power Is a Usually a Result

question 31

Multiple Choice

An increase in purchasing power is a usually a result of an increase in which of the following?

• A)gross income
• B)social class
• C)disposable income
• D)cost of living

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Definitions:

Bad-Check Statute

Laws that penalize individuals who knowingly write checks from a bank account without sufficient funds.

Drawee Bank

The bank upon which a check is drawn, responsible for paying the check amount to the bearer or designated payee.

Drawer

The party who draws a draft, that is, the party who orders that the money be paid.

Payee

The party named in a note or draft to whom payment is to be made.