A(n) ________ is a specific draft, drawn by the owner of a checking account, ordering the bank to pay the payee from that drawer's account?

A) annual contract
B) certificates of deposit
C) note
D) applied instrument
E) check

Checking Account

A bank account that allows depositors to write checks and make withdrawals, often used for daily financial transactions.

Drawer's Account

Refers to the account from which a check is drawn; the account belongs to the drawer (the person who writes the check).

Payee

A payee is a person or organization to whom money is paid or is to be paid.