Flores Forges Grendel's Signature on a Check "Payable to the Order

question 5

Multiple Choice

Flores forges Grendel's signature on a check "payable to the order of Flores" drawn on Grendel's account in Harbortown Bank. Most likely, if the bank pays the check

• A) the Federal Reserve will reimburse all parties for their costs.
• B) Grendel and the bank will each suffer half of the amount of the loss.
• C) Grendel will be liable for the amount.
• D) the bank will have to recredit Grendel's account.

---

Definitions:

Consumer Products Division

A segment of a business that focuses on the development, marketing, and sale of products directly to consumers.

Delivery Cycle Time

The total time taken from the initiation of a process or order to its completion and delivery to the customer.

Residual Income

Residual Income is the amount of income that an entity generates after accounting for the cost of capital, measuring the profitability exceeding the required return on investments.

Investment Opportunity

A potential financial investment that may yield returns, including stocks, bonds, real estate, or starting a new business venture.