Asked by elizabeth balderas on Jul 27, 2024
Verified
A check must include some form of which phrase to be negotiable?
A) security features included
B) for deposit only
C) pay to the order of
D) In God We Trust
Negotiable
Capable of being discussed and terms arranged; a check is a negotiable instrument drawn against deposited funds to pay a specified amount to a person or business upon demand.
Form Of Phrase
The particular way in which a phrase is constructed or expressed.
Pay To The Order Of
A phrase written on checks to designate who has the authority to receive the amount specified on the check.
- Discern the critical components and information contained in checks and banking documents.
Verified Answer
DR
Diana RegaladoJul 29, 2024
Final Answer :
C
Explanation :
The phrase "pay to the order of" is essential for a check to be negotiable, as it specifies to whom the money is to be paid.
Learning Objectives
- Discern the critical components and information contained in checks and banking documents.