A Check or Draft That One Bank Draws Upon Another

question 82

Multiple Choice

A check or draft that one bank draws upon another bank is called a:

• A)certified check.
• B)cashier's check.
• C)teller's check.
• D)bearer check.

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Definitions:

Economic Policy

Guidelines and practices governments use to influence their nation's economy, covering fiscal policy, monetary policy, and trade regulations.

Inequalities

The uneven distribution or access to resources, rights, and opportunities among different groups in society.

Laffer Curve

A theoretical representation showing the relationship between tax rates and the amount of tax revenue collected by governments.

Tax Revenues

The income that is gained by governments through taxation.