A substitute check is A) a digital picture of your ...

[mikaylakyoung]

A substitute check is
 
  A)
 
  a digital picture of your original check formated for bank processing.
  B)
 
  any photocopy of an original check.
  C)
 
  meant to replace an original check that has been lost or stolen.
  D)
 
  issued by a credit card company to cover previous purchases.

Question 2

Assume that you expect to hold a 40,000 investment for one year.
 
  It is forecasted to have a year
  end value of 42,000 with a 30 probability; a year end value of 48,000 with a 45 probability;
  and a year end value of 60,000 with a 25 probability. What is the expected holding period return
  for this investment?
  A) 18 B) 50 C) 25 D) 23

[pocatato]

Answer to Question 1

A

Answer to Question 2

D