The Median Wealth

question 34

Multiple Choice

The median wealth

• A)$1,237.
• B)$23,700.
• C)$237,000.
• D)$1,237,000.

---

Definitions:

Payee

The individual or entity to whom money is payable or is meant to be paid, typically named in financial documents like checks or promissory notes.

Certification

Of a cheque, an understanding by a bank to pay the amount of a cheque on presentation.

Endorsement

The act of signing one's name on the back of a check or other negotiable instrument or the addition of a provision to an insurance policy, altering its coverage.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer and payee usually named.