Because Checking Accounts Are ________ Liquid for the Depositor Than

question 124

Multiple Choice

Because checking accounts are ________ liquid for the depositor than savings accounts,they earn ________ interest rates.

• A)less;higher
• B)less;lower
• C)more;higher
• D)more;lower

---

Definitions:

Order Paper

A negotiable instrument that is payable to a specific person or their order, allowing the transfer of ownership through endorsement.

Special Indorsement

An endorsement on a negotiable instrument that specifies the person to whom, or to whose order, the instrument can be paid.

Blank Indorsement

A type of endorsement on a negotiable instrument where the endorser does not specify an endorsee, making it payable to the bearer.

Restrictive Indorsement

A limit placed on the use of a check or other negotiable instrument which specifies the conditions under which it can be transferred or paid out.