Government Ownership of Resources _____

question 19

Multiple Choice

Government ownership of resources _____.

• A)is the same as private ownership
• B)is different than private ownership because government allocates resources based on the public interest
• C)is different than private ownership because government allocates resources based on politics
• D)is different than private ownership because government allocates resources based on efficiency

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Definitions:

Forged Check

A check that has been illegally altered or signed without the authorization of the account holder, often with fraudulent intent.

Bank Responsibility

The legal and ethical obligations of banks to act in the best interest of their customers and society, including the safeguarding of deposits and the prudent lending of funds.

Altered Check

A check that has been tampered with after its original issuance, such as changing the amount payable.

Properly Payable

Refers to funds that a bank must legally disburse in accordance with the directives on a check or draft presented.