Endorsement means anything written upon the back of the document What does means by Endorse ?
Correct answer: C. To sign one's name upon the back of cheque
- A. To verify signature
- B. To verify the person holding cheque
- C. To sign one's name upon the back of cheque
- D. To sign one's name upon the front of cheque
Explanation
To endorse a cheque means to sign one's name on its back, usually to transfer it or authorize its payment. Signing the front is normally done by the drawer or issuing bank, not the endorser.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Microeconomics
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.
Practise Microeconomics
1,742 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Microeconomics questions
Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold ?
What is called the minimum price of a commodity that is fixed by government in order to save the interests of producer of raw materials ?
What does mean by Franchise__________________?
Different workers or group of workers separate the production works and trade into__________processes. What this separation is called?
What does mean by Deed________________?
Which term is used for a bank account which can be operated at will ?