Bearer cheque is ?
Correct answer: B. payable to person holding it
- A. Payable to anyone
- B. payable to person holding it
- C. payable through account only
- D. payable after specific period
Explanation
A bearer cheque is payable to whoever possesses or presents it, without the need for the payee's name to be endorsed. Payment through an account only applies to crossed or account-payee cheques.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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