An arrangement that protects a customer who writes a check or uses a debit card for an amount that exceeds the checking account balance is called
A) liquid investment.
B) stop payment.
C) overdraft protection.
D) automatic transfer.
Answer: C
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Indicate whether the statement is true or false
Jeane signs a promissory note to pay $5,000 to Naresh. Naresh negotiates the instrument and indorses it to Dolph. Dolph changes the payment amount to $50,000 and negotiates the note to Nicholas. Nicholas indorses the note and negotiates it to Mack
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In order to travel extensively and not worry about handling her affairs, Lee transfers most of her assets into a trust, with her bank serving as trustee. She has created ________ trust
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