Karen has a checking account at First Bank.Karen writes a check to Bonanza Apartments for her rent.In this situation:
A) Karen is the drawer, First Bank is the drawee, and Bonanza is the payee.
B) Karen is the drawee, First Banks is the drawer, and Bonanza is the payee.
C) Karen is the payee, First Bank is the drawee, and Bonanza is the drawer.
D) Karen is the payee, First Bank is the drawer, and Bonanza is the drawee.
E) Karen is the maker, First Bank is the drawee, and Bonanza is the payee.

Question

Quizplus · Accepted Answer

Karen is the person who is writing the check (the drawer), First Bank is the institution from which the funds are being withdrawn (the drawee), and Bonanza Apartments is the recipient of the funds (the payee). Therefore, choice A is the correct answer.

Karen Has a Checking Account at First Bank