Examlex
Which of the following will result in secular deflation?
Honor
In banking and finance, refers to the act of accepting or paying a negotiable instrument when it is presented.
Postdated Check
A check written with a date in the future, preventing it from being cashed or deposited until that date.
Authorized
Having been officially approved or given permission by a relevant authority.
Customer's Account
An account held by a brokerage or financial institution on behalf of a client, for the purpose of trading or managing securities and other financial assets.
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