Question: A cashier s check is a _ _ _ _ _ _ _ Multiple Choice a draft drawn by a bank ( as drawer )

A cashiers check is a _______
Multiple Choice
a draft drawn by a bank (as drawer) on another bank or payable at or through a bank.
a banks promise to pay money.
a check drawn by a credit union on its account at a federally insured bank.
draft on which the drawer and drawee are the same bank.

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!

Q:

If a drawer is negligent and contributes to the forgery or alteration of a check, the ________blank. Multiple Choice bank can charge the drawer for the amount bank is liable to the drawer for the...

Q:

1. Felix draws a check payable to "DeliMart" to buy groceries. Felix's check is most likely a. a certificate of deposit. b. an order to pay. c. a promise to pay. d. a promissory note. 2. Felix draws...

Q:

I have attached both the chapters from which you will be answering the following question. Ch 8 (p 387 of text or p 35 of the pdf) ?Exercise D. Prepare the bank reconciliation and any required...

Q:

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,...

Q:

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...

Q:

Before the court is Defendants Motion for Summary Judgment. The core issue presented by the motion is whether and to what extent a collecting or depository bank will be liable to the drawer or the...

Q:

True/False Questions. Circle either T for true or F for false: 1. One major difference between being a cashier in the front office as opposed to being a cashier in a restaurant (or gift shop, lounge,...

Q:

For the given actual case journal, answer the following questions: 1. What is the claim of the respondent/petitioner in the case? 2. What is/a re the evidence to support the claim of the...

Q:

I The case * * * involves a bank check. A check is defined as a draft payable on demand and drawn on a bank. [UCC] 3204.*** The case * * * arises from Petitioners irritation with the Bank of Americas...

Q:

Banks play a vital role in any Financial System. An efficient banking system helps the nations economic development. Various categories of stakeholders of the society use the banks for their...

Q:

Williams owns two trucks that he uses to transport, under contract, frozen produce. Williams drives one truck himself and employs a driver to drive the other one. He provides the driver with a CB...

Q:

If you shake the end of a spring to produce a wave, how does the frequency of the wave compare with the frequency of your shaking hand? Does your answer depend on whether you're producing a...

Q:

Which factors were added to Kepler's third law of motion by Newton? Group of answer choices The composition of the objects. The sizes of the objects. The masses of the objects

Q:

Describe how total variable costs and unit variable costs behave with changes in the level of activity. If fixed costs increase, what would be the impact on the contribution margin and income from...