If a Check Is Not Presented to a Bank Within

question 99

Multiple Choice

If a check is not presented to a bank within ________ of its date,the check is considered a stale check.

• A)30 days
• B)90 days
• C)6 months
• D)9 months
• E)None of these because according to the Uniform Commercial Code,a bank cannot consider a check to be stale.

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Definitions:

Oligopoly

A market structure characterized by a small number of large firms that have significant control over market prices and high barriers to entry, leading to limited competition.

Product Differentiation

The act of distinguishing a product or service within the market to heighten its allure to a particular target segment.

HHI

The Herfindahl-Hirschman Index, a measure of market concentration to assess the level of competition.

Total Market Sales

The combined sales of all firms or businesses within a particular market or industry.