Asked by Kawan Kehal on May 22, 2024
Verified
Type of check in which the purchaser pays the bank the full amount of the check
A) ABA number
B) agent
C) ATM
D) bank statement
E) cashier's check
F) certified check
G) check register
H) checking account
I) currency
J) deposit
Cashier's Check
A check issued by a bank, drawing on its own funds rather than on the account of a private individual, offering a secure means of payment.
Checking Account
A bank account that allows the holder to withdraw funds using checks or a debit card, typically used for daily transactions.
Deposit
A sum of money placed into an account or given as a security for the future payment of a service.
- Achieve an insight into the framework and motivations of a range of documents and instruments pertinent to checking accounts, including bank statements, cashier's checks, and certified checks.
Verified Answer
Learning Objectives
- Achieve an insight into the framework and motivations of a range of documents and instruments pertinent to checking accounts, including bank statements, cashier's checks, and certified checks.
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