Which of the Following Is Bearer Paper

question 27

Multiple Choice

Which of the following is bearer paper?

• A) A check payable to the order of X and specially indorsed to Y.
• B) A check payable to the order of X and indorsed in blank by X.
• C) A check payable to the order of cash and specially indorsed by the person who received it.
• D) A check payable to the order of cash to Y.

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Definitions:

Income Distribution

A measure of how a nation’s total GDP is distributed amongst its population.

Incentive

something that motivates or encourages an individual or entity to perform or act in a certain manner.

Poverty Line

A threshold income level below which an individual or household is considered to be living in poverty, varying by country and adjusted for family size.

Poverty Rate

The percentage of the population living below the national poverty line, indicating the proportion of people with income insufficient to meet basic needs.