A ________ Is a Check That Is Written on Behalf

question 70

Multiple Choice

A ________ is a check that is written on behalf of a person and will be charged against a nonfinancial institution's account.

• A)cashier's check
• B)money order
• C)traveler's check
• D)personal check

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Definitions:

Lifetime Income

The total amount of money earned by an individual over the course of their life.

Consumption Tax

A tax on the purchase of goods and services, paid directly by consumers.

Tax-Advantaged

Refers to investments or accounts that offer tax benefits or exemptions to the investor, reducing the tax burden and enhancing potential financial returns.

Forward-Looking

A term used to describe actions or policies designed with consideration of future consequences and outcomes.