A[n] ______ Check Is a Check That Is Accepted at the Bank

question 43

Multiple Choice

A[n] ______ check is a check that is accepted at the bank at which it is drawn.

• A) Cashier's
• B) Certified
• C) Acknowledged
• D) Transferred
• E) Drawee

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Definitions:

Circular-Flow Diagram

A model that illustrates the flow of goods and services and money between households and businesses in an economy.

Households

Economic units comprising all persons who occupy a housing unit, responsible for making consumption and investment decisions.

Demanders

Individuals or entities that express a willingness and ability to purchase goods or services at a given price.

Suppliers

Businesses or individuals that provide goods or services to another entity under terms specified in a contract.