In Relation to a Bank Bill,endorsement Means

question 85

Multiple Choice

In relation to a bank bill,endorsement means:

• A) that the acceptor and endorser make an agreement as to who is liable for the repayment of the face value to the final holder of the bill.
• B) if the acceptor cannot repay the face value to the holder at maturity, it must draw a bill to meet its obligations.
• C) the endorser has a contingent liability when the bill matures.
• D) the drawer agrees to pay an additional fee to the acceptor for guaranteeing the repayment.

---

Definitions:

Movie Theater Tickets

Physical or electronic vouchers that grant the holder the right to enter a movie theater and view a film.

Efficient Allocation

The optimal distribution of resources among competing needs or uses in a way that maximizes the net benefit achieved from those resources.

Exchange Economy

Market in which two or more consumers trade two goods among themselves.

Production Process

The series of steps or actions taken to transform inputs (like labor and materials) into final products or services.