Before 2000,the Three Most Recent U

question 56

Multiple Choice

Before 2000,the three most recent U.S. recessions occurred in

• A) 1969-1973, 1979-1982, and 1994-1995.
• B) 1973-1975, 1982-1985, and 1990-1991.
• C) 1973-1975, 1981-1982, and 1990-1991.
• D) 1981-1982, 1990-1991, and 1998-1999.

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Definitions:

Stop-Payment Order

An instruction given to a bank to not honor a check or payment that has been issued, but not yet cashed or withdrawn.

Terrace Garden

A garden or series of green spaces created on terraces that are either stepped naturally or constructed on slopes, often found in urban or hilly areas.

Postdated Check

A check written with a future date, which cannot be cashed or deposited until that date.

Insufficient Funds

A situation where an account does not have enough money to cover transactions, resulting in a bounced check or declined payment.