A form of check in which the bank is both the drawer and the drawee is called a:
a. real check b. bank check
c. cashier's check d. credit check
e. cashier's note
c
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What should a company do to improve its accounts receivable turnover ratio?
A) Lower its selling prices. B) Increase its sales force. C) Give customers credit terms of 2/10, n/30 rather than 1/10, n/30. D) Reduce the number of employees working in the credit department.
The business-style date line starts with the day of the month followed by the month, no comma, and all four digits of the year
Indicate whether the statement is true or false
Which of the following classifications of securities had NO negative one-year returns over the period 1950-1999?
A) Long-term government bonds B) Large-company stocks C) 3-month U.S. Treasury bills D) Each of the classification of securities listed experienced at least one negative one-year return over the listed time period.
Which of the following would be considered a valid and legally enforceable agreement?
A) An agreement to pay a legislator to vote for a particular bill B) An agreement under which Arthur agrees to pay Barbara $3,000 to disparage the product of Arthur's competitor C) An agreement by the seller of a service station not to enter the service station business in Ohio for a period of 30 years after the sale of his business D) An agreement by a car salesman not to sell automobiles or automobile parts in Marin County for a period of one year after terminating his employment