The bank honors a check even though you do not have quite enough money in your account; they have allowed you to _______________________.

a. Float
b. Overdraft
c. Cash budget
d. Clear

Answer: b. Overdraft

Business

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In which of the following cases do federal and state courts have concurrent jurisdiction?

A) bankruptcy cases B) diversity of citizenship cases C) antitrust cases D) patents cases

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Which of the following is enacted under state police power?

A) personal property laws B) intellectual property laws C) corporate governance laws D) equal opportunity laws

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