Dru Signs a Check "Pay to the Order of Eppie

question 44

Multiple Choice

Dru signs a check "pay to the order of Eppie" drawn on Dru's account in First Federal Bank. Greta forges Eppie's indorsement. First Federal pays the check. Most likely

• A) Dru will be liable for the amount.
• B) Eppie will have to pay Dru for the amount.
• C) First Federal will have to recredit Dru's account.
• D) the Federal Reserve will reimburse all parties for their costs.

---

Definitions:

Higher Rates

Refers to the increased costs or interest rates often associated with loans, investments, or other financial products.

Interest

The cost paid for borrowing money, typically expressed as an annual percentage rate.

Emergent Strategy

A strategy that unfolds in response to unexpected opportunities and challenges, rather than being planned from the start.

Environmental Changes

Alterations in the surrounding conditions including climate change, pollution, and natural habitat destruction that impact ecosystems and human societies.