Graph 18-2 -Refer to Graph 18-2.If the Price of Apples Increases, The

question 214

Multiple Choice

Graph 18-2
-Refer to Graph 18-2.If the price of apples increases, the:

• A)demand curve will shift up
• B)demand curve will shift down
• C)supply curve will shift up
• D)supply curve will shift down

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Definitions:

Outstanding Checks

Outstanding checks are checks that have been written and recorded in the payor's ledger but have not yet been cashed or cleared by the bank.

Deposits In Transit

Bank deposits that have been made but not yet credited to the business's bank account, typically appearing on a bank reconciliation statement.

Service Charges

Fees imposed by a company for the provision of a service, often applied in banking, brokerage, and hospitality industries.

NSF Check

A check that cannot be processed due to insufficient funds in the account it is drawn against, known as a "Non-Sufficient Funds" check.