What Is the Term for the Practice of Marking Up

question 56

Multiple Choice

What is the term for the practice of marking up prices by 100 percent (or doubling the cost to set the selling price) ?

• A)margin pricing
• B)keystoning
• C)mark-on adding
• D)formula doubling

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Definitions:

Negotiable Instruments

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, which can be transferred to another party.

Electronic Transfers

The movement of funds between bank accounts through digital means, often executed via online banking platforms or electronic payment systems.

Negotiability

The characteristic of a financial instrument that allows it to be transferred from one party to another in a form of exchange.

Holder in Due Course

A term referring to a party who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.