Clark_11e-TB-Comb-U05-FQs

Clark_11e-TB-Comb-U05-FQs - Appendix E for Unit Five...

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Appendix E for Unit Five Questions on the Features CHAPTER 24—INSIGHT INTO THE GLOBAL ENVIRONMENT: THE NEGOTIABILITY OF CHECKS IN OTHER NATIONS A1. Evon, a resident of France, draws a check on Georges Banque payable to  Hugo. Compared to the United States, in France this check is effectively a. negotiable because Hugo can indorse it to any third party. b. negotiable because Hugo can cash it in any bank. c. negotiable because it offers better  protection from identity theft than  an electronic payment system. d. nonnegotiable. ANSWER: D PAGE: 490 TYPE: N NAT: AACSB Reflective AICPA Legal B1. Like most Europeans, Frank, a resident of Great Britain, pays recurring  monthly bills through automatic bank transfers. Compared to the electronic  payment systems available in the United States, the European Union’s  system has led to a shift a. away from the use of checks. b. to more diverse methods of payment, but the same number of checks. c. to less diverse methods of payment, but the same number of checks. d. towards the use of more checks. 29
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30           TEST BANK B—UNIT FIVE:  NEGOTIABLE INSTRUMENTS ANSWER: A PAGE: 490 TYPE: N NAT: AACSB Reflective
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Clark_11e-TB-Comb-U05-FQs - Appendix E for Unit Five...

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