Trudy Forges Uma's Signature on a Check "Payable to the Order

question 68

Multiple Choice

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

• A) the Federal Reserve will reimburse all parties for their costs.
• B) the loss will be apportioned among all of Verity's customers.
• C) Uma will be liable for the amount.
• D) Verity will have to recredit Uma's account.

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Definitions:

Multiple Regression

A statistical technique that models the relationship between a dependent variable and two or more independent variables by fitting a linear equation to observed data.

Regression Line

A line in regression analysis that best fits a set of data points, representing the predicted relationship between an independent variable and a dependent variable.

Slope

The measure of the steepness or angle of a line, representing the rate of change between two variables.

Y-Intercept

The point at which a line crosses the Y-axis on a graph, indicating the value of the dependent variable when the independent variable is zero.