A Type of Cheque That Is Written on Behalf of an Individual

question 28

Multiple Choice

A type of cheque that is written on behalf of an individual and will be charged against a large well-known financial institution or credit card sponsor's account,but has no payee designated on the cheque is called a

• A)cashier's cheque.
• B)money order.
• C)traveller's cheque.
• D)personal cheque.

---

Definitions:

Equipment

Tools, machinery, and other durable assets used in the production of goods or services.

Maintenance Hangar

A facility dedicated to the maintenance, repair, and overhaul (MRO) of aircraft.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health of the company.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value, helping to determine its worth.