If You Wrote a Check for $37

question 191

Multiple Choice

If you wrote a check for $37.55 to pay your phone bill and sent it to Verizon,

• A)your bank's deposits will go down by $37.55 and its reserves would go up by $37.55.
• B)your bank's deposits would go up by $37.55 and its reserves would go down by $37.55.
• C)your bank's deposits would go down by $37.55 and its reserves would go down by $37.55.
• D)your bank's deposits would go up by $37.55 and its reserves would go up by $37.55.

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Definitions:

Defect in Manufacture

A flaw or error in the manufacturing process that results in a product being unsafe or failing to meet intended standards.

Test Drive

The process of operating a vehicle under controlled conditions to evaluate its performance, reliability, or suitability before making a purchase decision.

Bind the Bargain

To make a deal or agreement legally binding, requiring all involved parties to fulfill their obligations as per the terms of the agreement.

Purchase Price

The amount of money paid by a buyer to acquire ownership of a product or property.