When a Check Is Issued,the Party Being Paid the Cash

question 97

Multiple Choice

When a check is issued,the party being paid the cash is referred to as the ________.

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

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Definitions:

Capital

Financial assets or resources that individuals or companies use to fund their operations and invest in their businesses.

Equity Financing

A method of raising capital through the sale of shares in a company, thereby giving investors ownership interests.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, resulting in greater sales or margins and/or retaining more customers.

Cash Flow

Refers to the total amount of money being transferred into and out of a business, especially as affecting liquidity.