Asked by Carson Buskard on May 25, 2024
Verified
Which type of checks are preprinted in $10, $20, $50, and $100 denominations?
A) Traveler's
B) Voucher
C) Limited
D) Certified
E) Counter
Preprinted
Materials or documents that have been printed in advance with standardized or generic information before any specific, customizable information is added.
Traveler's
Pertaining to, designed for, or used by people who are traveling, as in "traveler's checks" or "traveler's insurance".
- Identify different types of checks and their specific uses.
Verified Answer
KF
Kwabena FrimpongMay 30, 2024
Final Answer :
A
Explanation :
Traveler's checks are preprinted in fixed denominations like $10, $20, $50, and $100, and are designed for travelers to use as a secure alternative to carrying cash.
Learning Objectives
- Identify different types of checks and their specific uses.