In Case of Honoring Checks,a Bank

question 33

Multiple Choice

In case of honoring checks,a bank:

• A)is liable to the customer for damages the customer suffers,if a bank fails to honor a check because of a mistake on its part.
• B)has a liability to the holder of the check,whether the check is certified or notified.
• C)is not under a duty to honor all checks drawn by its customers in presence of sufficient funds in the customers' accounts.
• D)cannot charge the customer's account if it creates an overdraft.

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Definitions:

BCG Matrix

A strategic planning tool that uses two variables, market growth rate and market share, to evaluate a company's product portfolio.

SWOT Analysis

A strategic planning tool that stands for strengths, weaknesses, opportunities, and threats, used to identify and analyze the internal and external factors that can impact a project or business venture.

Competitive Advantages

The conditions or attributes that allow a company to produce goods or services better or more cheaply than its rivals, leading to a market advantage.

Situation Assessment

The process of evaluating the current state of an environment or situation to make informed decisions.