Answered
Which statement is true about cashier's checks, teller's checks, and certified checks?
A) Cashier's, teller's, and certified checks are often used in payment of withdrawal orders.
B) The drawer and the drawee for cashier's, teller's, and certified checks are the same bank.
C) Cashier's, teller's, and certified checks are considered as cash in the business world.
D) Cashier's, teller's, and certified checks are less likely to be denied by a bank.
E) The drawer for cashier's, teller's, and certified checks is the payor bank.
On May 06, 2024