If a Drawer of a Check Has the Bank Certify

question 20

Multiple Choice

If a drawer of a check has the bank certify it, he or she remains _________for payment of the check until the holder can reasonably present it for payment.

• A) partially liable
• B) totally liable
• C) not liable
• D) conditionally liable

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Definitions:

Keynesian Analysis

An economic theory that emphasizes the role government policies and spending should play in stabilizing the economy, maintaining low unemployment, and controlling inflation.

Aggregate Demand

The total demand for goods and services within a particular market.

Tax Cut

A reduction in the amount of taxes imposed by a government on its citizens.

Government Expenditures

Spending by the government sector including spending on goods and services, public works, and social programs.