A Written Order Drawn on a Bank by a Depositor

question 11

Multiple Choice

A written order drawn on a bank by a depositor that requests the bank to pay,on demand and unconditionally,a definite sum of money to the bearer of the instrument or to the order of a specified person is called a:

• A) price quotation.
• B) promissory note.
• C) check.
• D) stop-payment order.

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Definitions:

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment's cost.

Investment Fluctuations

Variations in the amount of capital placed in different investments over time, often influenced by interest rates and economic conditions.

Gross Domestic Product (GDP)

The total monetary value of all final goods and services produced within a country's borders in a specific time period, serving as a broad measure of national economic activity.

Expansions

Phases in the business cycle where the economy is growing and real GDP is increasing.