Standard deviation of return is a measure of idiosyncratic risk.
Standard deviation is a measure of the volatility of an investment's returns over time. It shows the typical deviation of a data set from its average (or mean) and is used to determine how much the data is spread out. Risk Assessment: Standard deviation is a common way to quantify risk.
It is a component of the modern portfolio theory's capital asset pricing model (CAPM), which is used to determine the market's expected return and the risk premium associated with investing in the market versus individual investments.
Therefore, idiosyncratic risk is a measure of Standard deviation of return.
Learn more about Standard deviation from the given link.
https://brainly.com/question/29115611
#SPJ11
1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answer:monopoly
Explanation:
One study estimates that if India used the human and physical capital that it does have as efficiently as the United States uses its capital, it would be four times richer than it is today. This demonstrates the importance of:Please choose the correct answer from the following choices, and then select the submit answer button.Answer choicespolitical stability as an important institution.a dependable legal system as an institution.honest government as an institutionpetitive and open markets as an institution.
Answer:
The correct option is: Competitive and open markets as an institution.
Explanation:
The United States has managed to enhance the country's human capital by opening new markets and providing job opportunities to many people.
Similarly, India needs to create new marketing policies where people are encouraged to prepare, to be more competitive and to work hard to achieve a better socioeconomic development of the country.
India needs to know the market and enhance the formation of human capital.
Nathan wants a formula to return "YES" if the value in cell A1 is less than the value in cell B1, and to return "No" otherwise. Which of the following functions should he use?
Answer:
IF function
Explanation:
The options to the question are missing; however, I'll assume the question related to Microsoft Office Excel.
To do the task in the question, Nathan can only make use of the IF function.
This is so, because the question relates to conditional statement.
The full if statement is:.
=IF(A1 < B1, "YES","NO")
Guys I love cricket and my favourite ipl team is KKR
Answer:
same pinch ☺️☺️..............
Molly borrows money by promising to make a single payment of $120,000 at the end of 4 years. How much money is Molly able to borrow if the interest rate is 12%, compounded semiannually?
a. $44,656
b. $90,056
c. $76,127
d. $87,080
e. $75,288
Molly is able to borrow $44,656 if the interest rate is 12%, compounded semiannually.
To find out how much money Molly is able to borrow, we can use the formula for the future value of an investment compounded semiannually. The formula is:
\(FV = PV * (1 + r/n)^(nt)\)
Where:
FV = future value
PV = present value (amount borrowed)
r = interest rate (12% in this case, which is equivalent to 0.12)
n = number of times interest is compounded per year (2 since it's compounded semiannually)
t = number of years (4 years in this case)
Substituting the given values into the formula:
120,000 = PV * (1 + 0.12/2)^(2*4)
Now we solve for PV:
PV = 120,000 / (1 + 0.06)^8
PV ≈ $44,656
Therefore, Molly is able to borrow approximately $44,656.
In this case, the correct answer is a. $44,656.
To know more about investment visit:
https://brainly.com/question/14682309
#SPJ11
Marketing communications managers usually state their media objectives in terms of grp, which represents reach multiplied by frequency. What does grp stand for?.
GRP stands for gross rating point.
In the field of Business Studies, we can describe Gross Rating Point (GRP ) as an impact that is made by a media delivery on the audience.
A Gross rating point (GRP) is measured in terms of percentage. For example, if the Gross rating point (GRP) of an advertisement is 10 then this means that the advertisement was able to attract 10 percent of the audience.
The method of GRP is most commonly used in ad formats, a format in which other kinds of measurements are difficult.
We can measure the Gross rating point (GRP) by calculating the percentage of an audience that is reached over by an ad and multiply it by the number of times the audience watches the ad.
To learn more about Gross rating point (GRP),
https://brainly.com/question/27727989
#SPJ4
The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
A. $33,500 paid at the end of 4 years. The discount rate is 7 percent.
b. $4,650 paid at the end of 3 years and $9,750 paid at the end of 5 years. The discount rate is 9 percent.
c. $10,600 paid annually at the end of each of the next 4 years. The discount rate is 7 percent.
d. $2,040 paid annually at the end of each of the next 4 years and $4,080 paid at the end of the fifth year. The discount rate is 6 percent.
Fill the follwoing table:
a. Net present value
b. Net present value
c. Net present value
d. Net present value
The net present values are a.) -$9,366.26 b.) -$4,502.47 c.) -$7,858.61 d.) $939.53.
To calculate the net present value of $33,500 paid at the end of 4 years at a discount rate of 7 percent, we need to find the present value of each payment and add them up. Using the formula for the present value of a single amount:
Present value = Future value / (1 + discount rate) ^ number of periods
The present value of $33,500 paid at the end of 4 years is:
$33,500 / (1 + 0.07) ^ 4 = $24,133.74
Therefore, the net present value is:
Net present value = Present value of cash inflows - Present value of cash outflows
Net present value = $24,133.74 - $33,500
Net present value = -$9,366.26
To calculate the net present value of $4,650 paid at the end of 3 years and $9,750 paid at the end of 5 years at a discount rate of 9 percent, we can use the same formula as above to find the present value of each payment and add them up. The present value of each payment is:
$4,650 / (1 + 0.09) ^ 3 = $3,329.06
$9,750 / (1 + 0.09) ^ 5 = $6,568.47
Therefore, the net present value is:
Net present value = Present value of cash inflows - Present value of cash outflows
Net present value = $3,329.06 + $6,568.47 - $14,400
Net present value = -$4,502.47
To calculate the net present value of $10,600 paid annually at the end of each of the next 4 years at a discount rate of 7 percent, we can use the formula for the present value of an annuity:
Present value = Annual payment x [1 - (1 + discount rate) ^ -number of periods] / discount rate
The present value of the annuity is:
$10,600 x [1 - (1 + 0.07) ^ -4] / 0.07 = $34,541.39
Therefore, the net present value is:
Net present value = Present value of cash inflows - Present value of cash outflows
Net present value = $34,541.39 - $42,400
Net present value = -$7,858.61
To calculate the net present value of $2,040 paid annually at the end of each of the next 4 years and $4,080 paid at the end of the fifth year at a discount rate of 6 percent, we can use the same formula as above to find the present value of each payment and add them up. The present value of each payment is:
$2,040 x [1 - (1 + 0.06) ^ -4] / 0.06 = $7,178.55
$4,080 / (1 + 0.06) ^ 5 = $2,760.98
Therefore, the net present value is:
Net present value = Present value of cash inflows - Present value of cash outflows
Net present value = $7,178.55 + $2,760.98 - $10,000
Net present value = $939.53
To know more about Net present value:
https://brainly.com/question/14293955
#SPJ4
If a corporation issues shares of par value common stock for , the journal entry would include a credit to.
The journal entry would include a credit to option C. Common Stock for $4,860 if a company issued shares of par value common stock.
Par value of common stock = number of shares x par value
= 2700 x 1.80
= 4860
A security that symbolizes ownership in a firm is called common stock. Common stock owners choose the board of directors and cast ballots for corporate rules. Long-term rates of return are often higher with this type of stock ownership.
Companies issue common stock to attract capital from investors who frequently make investments. Companies use this money to further develop and expand their enterprises.
Learn more about Common Stock here:
https://brainly.com/question/11453024
#SPJ4
Which statement explains one way in which the transformation of india’s economy contradicts wallerstein’s world system theory?.
The statement that shows how India contradicts the theory is: Using a development strategy to avoid economic dependency,India develop their own industries and participate fully in the global economy.
What is the wallerstein’s world system theory?This is a theory that teaches that the world system is a social system that is made up of boundaries as well as rules.
According to the theory, there are conflicting forces that hold the system together and also tears it apart.
Read more on wallerstein's theory here: https://brainly.com/question/22427141
An examplepf a cost would be
O profit
revenue
Ofire
O salaries
A congress is an official gathering, and people who attend as participants have formal status.
True
False
Answer:
Explanation:
false
I don´t get it plzz help me
a. What are the organisational policy and procedure requirements to implement an action plan?
b. Must any documentation be maintained or named in a specific way?
a. Policy and procedure requirements include adherence to information security policies, change management procedures, and incident response protocols.
b. Yes, documentation should be maintained and named according to established naming conventions and file management guidelines.
a. Organizations should have policies in place that outline security practices, such as access controls, data encryption, and incident reporting. Compliance with these policies ensures that security measures are implemented consistently throughout the organization.
It is important to have documented procedures for managing changes to systems, processes, or configurations. These procedures typically include steps for requesting, reviewing, approving, and implementing changes, ensuring that proper controls and testing are in place to minimize risks.
Organizations should have established protocols for responding to security incidents, such as data breaches or cyberattacks. These protocols outline the roles, responsibilities, and actions to be taken during and after an incident, ensuring a coordinated and effective response.
b. Maintaining documentation is crucial for effective implementation and ongoing management of an action plan. It is recommended to maintain documentation in a structured manner and follow established naming conventions and file management guidelines. This ensures consistency, easy retrieval, and efficient collaboration among stakeholders.
Documentation should be appropriately named to reflect its content and purpose, making it easier to locate and reference when needed. Consistent documentation practices also facilitate version control and auditability, enabling organizations to track changes, review past actions, and ensure compliance with internal and external requirements.
Learn more about security policies here:
https://brainly.com/question/31641945
#SPJ11
The supplier evaluation process that includes: (1) factors or criteria for evaluation, (2) the importance of each factor, and (3) a system for rating each supplier on each factor, is called a(n):
Considering the afore-listed process, the supplier evaluation process, in this case, is "weighted point evaluation."
What is Weighted Point Evaluation?Weighted Point Evaluation is a term that is used to describe the point rating evaluation systems whereby there is an extensive analysis and comparison of solution alternatives.
For example, the weights assigned to each alternative solution must equal 100 percent. The main purpose is to increase the likelihood that the process is unbiased.
Hence, in this case, it is concluded that the correct answer is "weighted point evaluation."
Learn more about weighted point evaluation here: https://brainly.com/question/18882036
can someone please help me with this question?
Answer:
We can first assess the effects of each of the transactions on the balance cheat.
the a) transaction will reduce cash by $500, and reduce creditors by the same amount.
the b) transaction will increase cash by $300, and reduce debtors by the same amount.
the c) transaction will reduce cash by $1,000, and reduce the Loan from L. Stennett by the same amount.
Now we can list this effects.
Cash is reduced by $500 + $1,500 and increased by $300. The total net effect on cash is then a $1,200 decrease ($1,500 decrease + $300 increase).
All the other accounts have only one reduction, so we simply substract that figure from the balance sheet on the picture to obtain our new figures.
Now we can write the new balance sheet
Balance Sheet as at 10 April 2007
Assets
Buildings $6,000
Motor Vehicle $4,000
Stock of Goods $2,000
Debtors $2,500 (-$300)
Cash at bank $2,000 (-$1,200)
Total Assets $16,500
Liabilities
Loan L. Stennet $1,000 (-$1,000)
Creditors $1,100 (-$500)
Total Liabilities $2,100
Capital $14,400
By the accounting equation, Capital + Liabilities = Assets, we see that it holds true: $14,400 + $2,100 = $16,500, so are figures are right.
how to figure out if a comapny is a monopoly an oligopoly monopolistically competitve or perfectly competitive
In a monopolistic market, there is only one company that has complete market dominance and sets the prices and levels of supply for goods and services whereas a perfectly competitive market is made up of numerous firms.
Companies are price makers in a monopolistic market because they set the prices for goods and services. Prices for goods and services are typically high in this type of market because businesses enjoy complete market dominance.
Buyers are aware of the nature of the goods being offered and the prices each firm charges, and the industry is characterized by freedom of entry and departure. In a completely competitive market, all firms sell the same product and are price takers.
The market is dominated by a small number of large suppliers in an oligopoly. Other less significant suppliers with a minor fraction of the oligopoly market share are possible. Oligopoly may stock, produce, or differentiate identical or similar goods.
To know more about 'monopolistic' related questions
visit- https://brainly.com/question/18459447
#SPJ4
Tim Horton wants to raise funds to open a branch of their coffee shop in Trinidad. To raise the funds, Tim Horton would sell bonds 100 $1,000 par value with a coupon interest rate of 6%. The bonds would mature in 15 years and interest would be paid semi-annually. The required rate of return is expected to be 8%.
Requirement:
a) Calculate the value of one bond
b) What is the total amount Tim Horton would raise if all bonds were sold?
Answer:
a) The value of one bond is $837.08.
b) The total amount Tim Horton would raise if all bonds were sold is $83,708.
Explanation:
a) Calculate the value of one bond
This can be calculated as follows:
Annual coupon = Bond face value * Coupon interest rate = $1,000 * 6% = $60
Annual coupon discount factor = ((1 - (1 / (1 + r))^n) / r) .......... (1)
Where;
r = required semi-annual rate of return = required annual rate of return / number of semi-annual in a year = 8% / 2 = 0.08 / 2 = 0.04
n = number of semi-annuals = number of years * number of semi-annual in a year = 15 * 2 = 30
Substituting the values into equation (1), we have:
Semi-annual coupon discount factor = ((1-(1/(1 + 0.04))^30) / 0.04) = 17.2920333006645
Present value of coupon = ((Annual coupon / number of semi-annual in a year) * Semi-annual coupon discount factor) = (($60 / 2) * 17.2920333006645 = $528.76
Present value of the face value of the bond = Face value of the bond / (1 + r)^n = ($1,000 / (1 + 0.04)^30 = $308.32
Therefore, we have:
Bond value = Present value of coupon + Present value of the face value of the bond = $528.76 + $308.32 = $837.08
Therefore, the value of one bond is $837.08.
b) What is the total amount Tim Horton would raise if all bonds were sold?
Number of bonds expected to be sold = 100
Value of one bond = $837.08
Total amount that would be raised = Number of bonds expected to be sold * Value of one bond = 100 * $837.08 = $83,708
Therefore, the total amount Tim Horton would raise if all bonds were sold is $83,708.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUOnce a marketing campaign is executed, it should be ________________ for effectiveness.
- evaluated
- created
- engineered
- designed
Answer:
evaluated
Explanation:
To evaluate is to carefully and skillful determine the merits, benefits, significance, nature, character, or relevance of something or someone. The process of evaluation highlights the strengths of the subject matter and reveals its weaknesses.
Evaluating a marketing campaign will determine its level of success and point out areas that need improvement.
In reviewing the security logs for a company's headquarters in New York City, which of these activities should not raise much of a security concern?
A recently hired data scientist in the Medical Analytics department has repeatedly attempted to access the corporate financial database
One evening an employee logs in from home and downloads all of the files associated with the new product he is working on
An employee has started logging in from home for an hour or so during the last 2 weeks of each quarter
Each night one headquarters employee logs into his account from an ISP in China
A recently hired data scientist in the Medical Analytics department has repeatedly attempted to access the corporate financial database activities should not raise much of a security concern. The answer is OPTION A
The three guiding principles of confidentiality, integrity, and availability make up the CIA Triad (CIA). These tenets collectively constitute the basis for information security policies. A program, organization, system, or enclave's cybersecurity is under the control of this role.
Information Systems Security Officer (ISSO) Cybersecurity Officer is another name for the person who fills this position. Inform your legal team as soon as you can about the breach and provide them with all relevant information so that your organization is prepared for any scenario.
To learn more about Analytics, click here.
https://brainly.com/question/30101345
#SPJ4
list the importance of physiotherapist and dentist
Answer:
Importance of physiotherapist:
1. They help people affected by injury,illness or disability through movement and exercise,manual therapy, education and advice.
2. They maintain health for people of all ages, helping patients to manage pain and prevent diseases.
3. Manage heart and lungs problem.
4. Recover from or prevent a sports injuries.
Importance of dentists:
1. Dentists helps to keep your teeth and mouth healthy.
2. It helps to prevent from tooth decay.
3. Protects against gum diseases, which can lead to tooth decay.
Physiotherapist assist people who have been injured, ill, or disabled through movement and exercise, manual therapy, education, and advice, and the dentist help to maintain the health of your teeth and mouth.
What is the physiotherapist?Physiotherapists treat people of all ages, assisting them in regaining their range of motion after an injury or illness. They also use exercise and manual therapy to help disabled people improve their health and quality of life.
Physiotherapist assist people who have been injured, ill, or disabled through movement and exercise, manual therapy, education, and advice, physiotherapist keep people of all ages healthy by assisting patients with pain management and disease prevention.
They are differing from the Dentists, as the dentists help to maintain the health of your teeth and mouth, It aids in the prevention of tooth decay, and helps to prevent gum disease, which can lead to tooth decay.
Therefore, physiotherapist and Dentists both play the important role for the patients.
Learn more about the physiotherapist, refer to:
https://brainly.com/question/28941462
#SPJ2
Assume the economy is operating at P1Y2.
Which of the following would cause a shift to bring the economy to P3Yf?
Real wages fall.
Productivity increases.
Personal income taxes increase.
Transfer payments decrease.
A major hurricane hits the southeastern United States.
The decrease in aggregate demand would also reduce productivity and lead to a decrease in output and employment.
What is employment?Employment is an agreement between two parties, usually based on a contract, where work is exchanged for compensation, such as wages, salary, or commission. Employment is typically for a fixed period of time, and the employer usually has the right to dismiss an employee for a legitimate reason. Employment typically involves an exchange of services, knowledge, skills and experience for remuneration. Employment can be either full-time, part-time, or casual, depending on the type of job and the agreement between the employer and the employee.
A major hurricane hitting the southeastern United States would cause a shift to bring the economy to P3Yf as it would reduce aggregate demand in the affected areas, resulting in a decrease in consumption and investment spending. This would lead to a contraction in output and employment, resulting in a decrease in real wages, a decrease in transfer payments, and an increase in personal income taxes.
To learn more about employment
https://brainly.com/question/29318513
#SPJ1
goods with many close substitutes tend to have group of answer choices more elastic demands. less elastic demands. price elasticities of demand that are unit elastic. income elasticities of demand that are negative.
Demands for goods with numerous near replacements are typically more elastic. The right response is therefore option B.
With more closely related replacements available, a product's price elasticity of demand rises. When there are numerous products that are nearly identical to the original, consumers might simply switch to purchasing the substitutes when the price is significantly raised.
According to the producer's hypothesis, substitute goods are those that can be utilised to fulfil the same consumer need. One of the elements that influences a product's demand's price elasticity is the availability of comparable replacements.
To know more about substitute goods: https://brainly.com/question/1451973
#SPJ4
which of the following is also known as profit and loss statement?
net worth ledger
liability statement
income statements
transaction ledger
Another name for the profit and loss statement is the income statement.
The income statement is a financial statement that is used to record a firm's income and expenses in a given year. It contains information on the total profit or loss of a firm.
A balance sheet is a financial statement that contains information on a reports company's assets, liabilities and shareholders' equity at a point in time.
To learn more, please check: https://brainly.com/question/14971139
When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by
Answer:
full (by painting his house)
Explanation:
When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by full (by painting his house)
Reason -
(i.e. If Rosco is unable to pay $1000 then in that option he painted Lyden's house so he is discharged by painting his house )
A company’s perpetual preferred stock has a par value of $65 per share and it pays a dividend rate of 6.25% per year. The preferred stock’s market value is $58.63 per share and the company’s tax rate is 31%. If the flotation costs for preferred stock are 6.5%, what is the company’s annual cost of new preferred stock financing?
Answer:
Cost of preferred stock=7.41 %
Explanation:
A preferred stock entitles its investor to a fixed amount of dividend for the foreseeable future. The dividend payable by a preferred stock is similar to a perpetuity. Hence, the price of the stock would be the same as the present value of the dividend payable for the foreseeable future.
A preferred stock entitles its owner to a fixed amount of dividend. It is calculated as follows:
Cost of preferred stock = D/P(1-f) × 100
D- Preference dividend
P- stock price
F- flotation cost
Preference dividend = Coupon rate × Nominal value
DATA
Nominal value = $65
Stock price = $58.63
Dividend rate=6.25%
Flotation cost = 6.5%
Preference dividend = 6.25%× 65 = 4.063
Cost of preferred stock =(4.063 /58.63×(1-0.065) × 100 = 7.41 %
Cost of preferred stock=7.41 %
What is one ethical issue demonstrated in the Milgram experiments? A. Milgram and his associates were willing to harm one person with electric shocks in order to learn. B. Milgram and his associates did not discover anything important about psychological issues. C. Milgram and his associates pressured subjects to continue after they signaled that they wished to stop. D. Milgram and his associates debriefed subjects afterwards to ensure they understood the experiment.
Milgram and his associates debriefed subjects afterwards to ensure they understood the experiment is one ethical issue demonstrated in the Milgram experiments. Hence, option D is correct.
What is Milgram experiments?The findings of Milgram's experiment demonstrated the persuasive power of authority and the ability of someone in a position of power to influence others to act unethically and against their better judgment.
The experiment is viewed as unethical because the test subjects were led to believe they were startling real individuals. The fact that the pupils worked at Milligram was unknown to the general public.
After the experiment, a debriefing was presented to the participants. Milgram found that every genuine participant went at least as high as 300 volts, and that 65% of them continued to the entire 450 volts.
Thus, option D is correct.
For more details about Milgram experiments, click here:
https://brainly.com/question/19328289
#SPJ2
Answer:
C. Milgram and his associates pressured subjects to continue after they signaled that they wished to stop.
Explanation:
i got it wrong and saw the answer
58) Tyler Toys has beginning inventory for the year of $18,000. During the year, Tyler purchases inventory for $230,000 and has cost of goods sold equal to $233,000. Tyler's ending inventory equals:
A) $15,000.
B) $18,000.
C) $21,000.
D) $19,000. ,
Tyler Toys sold $233,000 worth of inventory during the year and had A). $15,000 worth of inventory left at the end of the year.
To calculate Tyler Toys' ending inventory, we need to use the formula:
Beginning Inventory + Purchases - Cost of Goods Sold = Ending Inventory
Substituting the given values:
$18,000 + $230,000 - $233,000 = Ending Inventory
$15,000 = Ending Inventory
Therefore, the answer is A) $15,000. Tyler Toys' ending inventory for the year is $15,000. This means that Tyler Toys sold $233,000 worth of inventory during the year and had $15,000 worth of inventory left at the end of the year.
Learn more about inventory :
https://brainly.com/question/15118949
#SPJ11
Voided check – a check that cannot be processed because the maker has made it invalid.
True. A voided check is one that has been marked by the maker with the word "voided" and can no longer be used as a valid payment instrument. This means that the check.
cannot be cashed or deposited, and the funds will not be transferred from the account of the maker. Individuals and businesses frequently use voided checks to provide information to banks or other financial institutions, such as their account number and routing number, which are printed on the check. The check is not intended to be used as a form of payment, but rather as a document containing the information needed to set up electronic money transfers or direct deposit. Individuals and businesses frequently use voided checks to provide information to banks or other financial institutions,
learn more about check here:
https://brainly.com/question/29839006
#SPJ4