Question: The major difference between a check and a draft is that: A. after acceptance of the draft the firm must deposit the funds to make

The major difference between a check and a draft is that:

A. after acceptance of the draft the firm must deposit the funds to make payment.

B.the draft is not drawn on the bank but on the issuer.

C.the bank must present the draft to the firm for acceptance.

D.All are correct.

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