Incomplete question. Here's the remaining question;
A. It is a two-party instrument.
B. It necessitates that the seller has to be both the drawer and the payee.
C. It is always payable on demand.
D. It requires that the drawer is holding the drawee's money.
Answer:
C
Explanation:
Note that, to be always paid on demand implies that any time a request is made (demanded) to the bank will be fulfilled.
Therefore, an individual has a sense of security using checks to receive payments.
<span>Sheena has twice the amount of principal as Karl has in his account. We can use 100 and 200 to establish how much interest they be making, if we keep the other values the same.
100(0.1)(3) = 30
200 (0.1)(3) = 60
Sheena makes twice as much interest as Karl.</span>
What Jane should do is buy a subway franchise. Even though
it is expensive, it is more than likely that the added clout of franchise will
likely provide the loan officer at the bank together with necessary comfort in
order the loan to be signed off.
Answer:
True (Dead-weight loss )
Explanation:
When the market is not allowed to adjust towards the equilibrium the economics efficiency is lost. When the supply is excessive compared to demand some part of supply remains intact, which means that small of amount of supply does not contribute to economics and allocation efficiency and considered as a dead-weight loss. The supply is forgone because the market is not allowed to stabilise.
