Which One of the Following Is True of a Signature

question 65

Multiple Choice

Which one of the following is true of a signature card?

• A)It shows each authorized person's signature for a bank account.
• B)It is the same as a deposit receipt and acts as a proof of the deposit transaction.
• C)It can be used as a debit card.
• D)It can only be used for bank accounts of individuals,not for the bank accounts of businesses.

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Definitions:

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum price that each consumer is willing to pay, eliminating consumer surplus and maximizing profits.

Monopolist

An individual or entity that is the sole provider of a particular good or service in the market, possessing significant control over pricing and supply.

Profit

The surplus amount after all expenses are deducted from the total income generated by a business or investment.

Price Discrimination

Charging different prices to different buyers for identical products.