Question: 2 pts Question 41 1. A check drawn on a financial institution, backed by the financial institution's finances, and made out to a specific payee

2 pts Question 41 1. A check drawn on a financial institution, backed by the financial institution's finances, and made out to a specific payee is called a: certified check. cashier's check. O money order. O traveler's check

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Scenario You are a tax professional and have been asked to present tax return for new client Kenji and Suki Takahara. The Takaharas are married, rent a home, and have two young children in day care....

A check drawn on a financial institution, backed by the financial institution's finances, and made out to a specific payee is called aGroup of answer choicescertified check.money order.cashier's...

Question 11 Ronald's gross income is $60,000, and his living expenses consume 75 percent of his gross income. According to financial experts, Ronald should set aside ____ to cover emergencies. A....

Which of the following is drawn on a financial institution, backed by the financial institution's finances, and made out to a specific payee? a . Certified check b . Money order 3 2 . c . Traveler's...

A PDF version of this assignment is attached.I'll also put it in the Assignments folder in Files.As usual, you'll answer the questions in the online version.That version will be available for you to...

It is becoming widely expected that interest rates will rise in the coming year. In recent weeks the 10 year US bond has risen from about 1.50% to 1.80%. Using the appendix for chapter 2 on Webster...

FOR THE FOLLOWING QUESTIONS, INDICATE WHETHER THE ANSWER IS TRUE OR FALSE. 1. "Personal" defenses to liability on a negotiable instrument include lack of consideration, failure of consideration,...

Homework Question - Prepare an analysis of a casefrom Chapter 5, page # 121, '' A Wolf In Sheeps Clothing '' (no more than 2 or 3 pages, double spaced). And give an answer on following: - A summary...

Shu Chang, 22, has just moved to Denver to begin her first professional job. She is concerned about her finances; specifically, wants to save for "a rainy day" and a new car purchase in 2 years....

10-K Ford Motor Company Review Ford Motor Company's Form 10-K for 2012. Explain the purpose of a company?s 10-K and how it interprets the firm?s financial strength. Write a description of three...

This simulation presents the Keystone Computers & Networks, Inc. (Keystone) Cash Work Memo for the general account and petty cash prepared by two members of your audit team-your responsibility is to...

Define income, disposable income, and discretionary income. How does each type of income affect consumer buying power?

How should Lisa go about reusing Benito Perezs work on the monorail in their current task of creating a trolley object? Explain in two paragraphs. I feel like Im writing the same code over and over...

The best approach to increasing the diversity level of your senior leadership is to

Oberti Guitar Company makes high-quality customized guitars. Oberti uses a job order costing system. Because the guitars are handmade, the company applies overhead based on direct labor hours. At the...

Jane Smith, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Services, Inc. She owns and operates Typing Services located near the campus of Florida Atlantic...

T&C Tees is a manufacturer of T-shirts. The standard amount of 100% cotton jersey fabric used to make each T-shirt is 2.3 yards. The standard price per yard of the fabric is $2.75. During last month,...

New lithographic equipment, acquired at a cost of $175,000 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $15,000. The manager...

What is the payback if investment cost is $45,000 and the after tax benefit is $2,000?

In regard to pass - through grants, a recipient government has administrative involvement if it is responsible for filing paperwork under a grant agreement. True or False

What stage of team development do you think Casper is currently in? Explain why

How do your personality traits affect your teamwork and decision-making style and your interest and ability to participate in group decision-making?

To develop a strong team one must create trust among the team members. What actions did Caspers leadership take to develop trust?