A Check Drawn by a Credit Union on Its Account

question 50

Multiple Choice

A check drawn by a credit union on its account at a bank is an example of a _____ check:

• A) personal
• B) teller's
• C) certified
• D) stale

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Definitions:

Trade Agreement

A contractual arrangement between countries regarding their trade relationships and tariffs.

Microeconomics

Branch of economics that deals with the behavior of individual economic units—consumers, firms, workers, and investors—as well as the markets that these units comprise.

Benefit

The advantage or profit gained from something.

Absolute Advantage

The ability of a country, individual, or firm to produce a good more efficiently than another entity using the same amount of resources.