A Check That You Have Written Has Cleared the Bank

question 139

Multiple Choice

A check that you have written has cleared the bank when:

• A)funds have been withdrawn from your bank account to cover the check.
• B)the bank notifies you that you have insufficient funds to cover the check (NSF).
• C)the supplier to whom you gave the check records the payment received.
• D)the supplier to whom you gave the check deposits it in his bank account.

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Definitions:

Federal Budget Deficit

The shortfall in the federal government's revenue compared to its expenditures over a specified period, typically a fiscal year.

Federal Budget Deficits

The financial situation where the government's expenditures surpass its revenues within a specified fiscal period.

Reagan Administration

The executive branch of the U.S. government led by President Ronald Reagan from 1981 to 1989, known for its conservative policies, including tax cuts and deregulation.

Fiscal Policy

Governmental actions related to changes in taxation and spending levels intended to influence economic activity.