Question: The major difference between a check and a draft is that: a. the draft is not drawn on the bank but on the issuer. b.

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

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

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

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

d. all the above

e. none of the above

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