If You Use a Check to Pay Your Monthly Rent

question 135

Multiple Choice

If you use a check to pay your monthly rent,

• A)the check is considered money because you received something in return.
• B)the check is not money because it is just an instruction to your bank to make a payment.
• C)you have used money because the landlord accepted it as a means of payment.
• D)the check becomes money when it arrives at the landlord's bank.
• E)the check is not money because it is not part of M1.

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Definitions:

Romantic Gift

A present or offering given to someone special to express affection or love.

Screening

An action taken by an uninformed party to induce an informed party to reveal information.

Uninformed Party

An individual or entity in a transaction who lacks pertinent information or knowledge that the other party may possess, leading to a potential imbalance in the transaction.

Informed Party

An individual or entity that possesses full knowledge of the pertinent facts and information related to a specific transaction or situation.