When a Check Is Issued,the Party Who Is Paying the Cash

question 74

Multiple Choice

When a check is issued,the party who is paying the cash is referred to as the ________.

• A) payee
• B) maker
• C) bank signatory
• D) depositor

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Definitions:

Tax

A mandatory financial charge or other type of levy imposed by a government on individuals or businesses to fund public expenditures and services.

Incentive

A factor, either monetary or non-monetary, that motivates or encourages an individual or group to perform certain actions or behave in a specific way.

Trade

The exchange of goods and services between different parties, often involving the transfer of money and can occur within or across borders.

Market Failure

Refers to a situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.