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3 years ago

A type of check that has a bank's guarantee of payment is a

Business

2 answers:

ziro4ka [17]3 years ago

6 0

I think it's a cashier's check...(Don't mark my words)

tresset_1 [31]3 years ago

5 0

Answer:

cashier's check.

Explanation:

The check is a document through which a bank is requested to pay a certain amount of money.

The cashier's check is a payment order that the bank makes so that it is cashed right there, or where appropriate, so that its amount is deposited in the bank account that the beneficiary has in that institution.

It represents one of the forms of payment that offers greater security for those who charge it, because it guarantees that there are always funds to collect it.

The bank as an institution to which the issuance or preparation of the check is requested. The bank has the obligation to issue a cashier's check for the amount that the interested party has requested and must pay it upon receipt.

The user, or buyer of the check, is the person who pays the bank, or makes the deposit for the amount for which the check was drawn up. It is the person who goes to the bank counter to request the purchase of a cashier's check.

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What is it called when banks record which account gives up money and which account receives money when a customer writes a check

Nutka1998 [239]

Answer:

check clearing

Explanation:

3 0

3 years ago

Which of the following industries is most likely to exhibit the characteristic of free entry? a. nuclear power b. municipal wate

gogolik [260]

Answer:

c. dairy farming

Explanation:

Free entry can be defined as the situation in which business firms such as sellers of goods or service providers can enter into the market freely and start selling to consumers.

This ultimately implies that, there are no legal barriers or just a minimum barrier, if any for new firms starting the same business as others.

Hence, dairy farming is the industry which is most likely to exhibit the characteristic of free entry.

A diary farming is one of such industries that allows new agents to come into the business without any barrier because it simply involves the production of essential commodities such as milk, beef etc which are usually required on a large scale in an economy.

7 0

3 years ago

A theater group made appearances in two cities. The hotel charge before tax in the second city was $500 lower than in the first.

Naddika [18.5K]

Answer:

Hotel charge in city 1= $5,250

Hotel charge in city 2= $4,750

Explanation:

A theater group made an appearance in two cities.

Let x represent the amount charged in the first city

Let y represent the amount charged in the second city

The hotel charge before tax in the first city is $500 lower than the second city

y= x-500......equation 1

The tax in the first city is 8%

= 8/100

= 0.08

The tax in the second city is 8.5%

= 8.5/100

= 0.085

0.08x + 0.085y= 823.75.........equation 2

Substitute (x-500) for y in equation 2

0.08x + 0.085(x-500)= 823.75

0.08x + 0.085x - 42.5= 823.75

Collect the like terms

0.08x + 0.085x= 823.75+42.5

0.165x= 866.25

x= 866.25/0.165

x = 5,250

Substitute 5250 for x in equation 1

y= x-500

y= 5,250-500

y= 4,750

Hence the hotel charge in city 1 is $5,250 and the hotel charge in city 2 is $4,750

4 0

3 years ago

Why do you think economists can be certain that every

Aleonysh [2.5K]

Answer:

En esta primera parte del libro estudiamos lo que para muchos economistas es la pregunta más

importante de la economía: ¿Por qué algunos países tienen mayores niveles de ingreso por

habitante que otros?

En el capítulo 2 definimos el crecimiento económico y presentamos distintas herramientas

útiles para medirlo y analizarlo. Además, presentamos una breve historia del crecimiento

económico, con especial énfasis en la evolución de la economía argentina en el contexto

mundial.

El capítulo 3 es una introducción a la teoría del crecimiento económico. Presentamos allí un

esquema analítico sencillo, en el cual la inversión y el desarrollo tecnológico aparecen como

los determinantes directos del crecimiento. Además, explicamos algunos de los factores que los

economistas han identificado como determinantes más profundos del crecimiento – aquellos

factores que definen el grado de inversión y de desarrollo tecnológico.

Explanation:

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3 years ago

Under the constant-money-growth-rate rule, the annual money supply will be constant at the average annual growth rate of:_______

tiny-mole [99]

Answer:

real GDP

Explanation:

The above rule was proposed by Milton Friedman that the money supplied by the central bank be increased by constant percentage on annual basis. In other words, constant money growth rate rule suggested money supply growth rate be equal to GDP growth rate annually.

According to Friedman, monetary policy contributes to fluctuation in an economy. He suggested that the best way to stabilize a fluctuating economy is to allow the central bank increase money supply in the long run by a targeted amount annually irrespective of the situation of the economy.

6 0

3 years ago