The memo line on a check is typically considered the least important part.
It is a brief space where the payer can write a short description or note about the purpose of the payment, but it does not affect the transaction's validity or processing.
The critical elements of a check are the date, payee, amount, and signature. These details ensure the payment is authorized and directed to the correct recipient. While the memo line can be useful for record-keeping, financial institutions primarily rely on the essential information to process the payment accurately.
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Answer:
R
Explanation:
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Answer:
: The correct answer is the letter c. “More than the economically efficient output level”.
Explanation:
An externality happens when activities of one economic agent affect the activities of another economic agent, in a way that is not reflected in prices. When there is externality, the price of a good does not reflect its social value, that is, companies can produce excessive or insufficient quantities, making the market inefficient. Negative externality concerns, for example, when a company has a higher production generating externality in the production of another company, that is, negatively affecting the production of this company. Thus, the output of the company that generated negative externality is higher than it should be. One solution to this problem is to tax the company that generates externality.
A negative externality leads to the private market producing more than the economically efficient output level.
When a negative externality exists, the private market produces more than the economically efficient output level. This is because negative externalities, such as pollution, lead to social costs that are not considered by the private market. As a result, production levels exceed the socially optimal level, leading to inefficiency in resource allocation.
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B. interest
C. lien
Answer:
C. lien
Explanation:
The tax or charge that is applied to a good, wealth or property that belongs to a person and to indicate that it is compromised is called.
It also refers to the type of lien that is the taxable rate, by which a tax rate that can be fixed or variable is generated, and which implies a tax applicable to any property.
A common example of lien is the documents that a person signs in relation to a Mortgage Guarantee Loan, in which a property is given as a guarantee of payment, until such time as the total debt is canceled.
The word encumbrance derives from the Latin gravāmen, and means "burden."
Answer:
Liaison Officer
Explanation: