If There Is No Room on an Instrument for an Endorsement

question 26

Multiple Choice

If there is no room on an instrument for an endorsement or if all the room has been taken by previous endorsements, a[n] ______ may be attached.

• A) Acknowledgement.
• B) Blank Endorsement.
• C) Special Endorsement.
• D) Allonge.
• E) None of these. The instrument can no longer be endorsed.

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Definitions:

Demand Schedule

A table that shows the relationship between the price of a good and the quantity demanded.

Monopoly

A market structure dominated by a single seller, facing no competition in offering a unique product or service, allowing them to control prices and market conditions.

Network Externalities

The effect that an additional user of a good or service has on the value of that product to others, often increasing the product's value as the user base grows.

Game Console

A dedicated electronic device designed to play video games through a connection to a television or other display screen.