Phoebe sends Rosinda a cashier's check for $1,000. Rosinda deposits the check into her account at Security Bank. The next business day, the bank confirms a $1,000 increase in Rosinda's account. She then wires Phoebe $150 for "fees." Later, the bank discovers that the check is a fake. Most likely, the loss falls to
A. Rosinda.
B. Security Bank.
C. Rosinda and Security Bank in equal measure.
D. no one.
Answer: A
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One reason entry into a new country might be better without any product change is because of the cost that would be incurred with the change.
a. True b. False
For an exporter to lose money after accepting a banker's acceptance,
A) both the importer and the importer's bank would need to default on the agreement. B) the importer would have to default on the agreement. C) the exporter would have to default on the agreement. D) the federal government would need to step into the transaction and declare it to be null and void.
The American National Standards Institute (ANSI) does not set standards, but maintains procedures for the development of national standards and accredits committees that follow those procedures
a. True b. False Indicate whether the statement is true or false