If You Write a Check for an Amount Greater Than

question 169

Multiple Choice

If you write a check for an amount greater than your account balance,the result will be

• A)an endorsement.
• B)a reconciliation.
• C)an overdraft.
• D)a share draft.
• E)a stop payment.

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Definitions:

Ownership

The state or fact of being the legal possessor or holder of an item, property, or asset.

Producing

The action of making, creating, manufacturing, or bringing something into existence.

Purchasing

The process of acquiring goods or services to accomplish the goals of an organization or individual.

Tangible Property

Physical assets that can be seen, touched, and possessed, such as real estate, vehicles, and equipment.