A Check Is a Form of Draft That Is Drawn

question 31

True/False

A check is a form of draft that is drawn on a bank.

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Definitions:

Normal Good

A type of good for which demand increases when consumer income rises, and falls when consumer income decreases.

Demand Shift

A change in the quantity demanded at every price point, often caused by factors like consumer preferences, income, and price of related goods.

Quantity Demanded

The cumulative quantity of a product or service that buyers are ready and capable of buying at a specific price.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.