If the Person Who Is Named as Payee on a Check

question 44

Multiple Choice

If the person who is named as payee on a check transfers the right to receive the money by signing his/her name on the back of the check,the signature is called a

• A) restrictive endorsement.
• B) dishonored endorsement.
• C) regular endorsement.
• D) blank endorsement.

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Definitions:

Indifference Map

A graphical representation showing different bundles of goods between which a consumer is indifferent.

Demand Curves

A graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.

Indifference Map

A graph showing a set of indifference curves, illustrating combinations of goods or services among which a consumer is indifferent.

Total Utility

The full satisfaction experienced when consuming an exact aggregate quantity of a good or service.