Asked by Jackie Balarezo on Jun 30, 2024
Verified
The three parties involved with a check are:
A) The writer,the cashier,and the bank.
B) The maker,the payee,and the bank.
C) The maker,the manager,and the payee.
D) The bookkeeper,the payee,and the bank.
E) The signer,the cashier,and the company.
Payee
In a monetary transaction, the recipient of the payment.
Maker
In a financial context, the maker is the party that creates or issues a financial instrument, such as a check or promissory note.
Cashier
An employee who handles customer transactions and the management of money in a retail environment, often responsible for processing cash, credit, and other forms of payment.
- Set apart cash from cash equivalents, and define the qualifications for each type.
Verified Answer
Learning Objectives
- Set apart cash from cash equivalents, and define the qualifications for each type.
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