Kris presents an instrument that states "pay to the order of Kris" to Metro Bank for payment.This is a special type of draft drawn on a bank,ordering the bank to pay a fixed amount of money on demand.This is
A)a commercial wire transfer.
B)a check.
C)a debit card transaction receipt.
D)a cash transaction

Question

Quizplus · Accepted Answer

The instrument presented by Kris is a check, which is a type of draft drawn on a bank and orders the bank to pay a fixed amount of money on demand. A commercial wire transfer involves electronically transferring funds between banks, while a debit card transaction receipt is a record of a transaction made using a debit card. A cash transaction involves exchanging physical currency for goods or services.

Kris Presents an Instrument That States "Pay to the Order