Which of the Following Transactions Is Represented by the Diagram

question 60

Multiple Choice

Which of the following transactions is represented by the diagram below?

• A)a lumber yard where customers may pay with cash for all purchases
• B)a buy-here-pay-here auto dealer where a car buyer sends monthly cash payments to the dealer
• C)a consulting firm that offers a variety of consulting services to other businesses
• D)a department store that allows customers to carry a balance and to make installment payments,if they choose

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Definitions:

Stop-Payment Orders

A request made by an account holder to a bank to not pay out on a check or payment that has been issued on their account.

Validity

The state of being legally sound, effective, or binding; the quality of being logically true or sound.

Oral

Pertaining to words spoken, rather than written, used for communication.

Stop-Payment Order

An instruction given to a bank by an account holder not to pay or to halt a payment that has been issued on a check or an electronic withdrawal.