If a Drawee Bank Certifies a Check, Who Among the Following

question 40

Multiple Choice

If a drawee bank certifies a check, who among the following is discharged of their liability on the check?

• A) The drawer only
• B) The drawee bank and persons who previously indorsed the check
• C) The drawee bank
• D) The drawer and the persons who previously indorsed the check

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Definitions:

Economies of Scale

The reduction in the cost per unit of production as the volume of production increases, due to factors like improved efficiency and spreading fixed costs over more units.

Value Proposition

A value proposition is a business or marketing statement that summarizes why a consumer should buy a product or use a service, highlighting the unique benefits offered.

Unmet Customer Needs

Customer requirements or desires that are not adequately addressed by current products or services.

Customized Products

Goods and services that are tailored or personalized to meet the specific needs or preferences of individual customers or user groups.