Rikki writes a check "pay to the order of Scholar University" drawn on Rikki's account in Town Bank to pay her tuition.Rikki is
A)the certifier.
B)the drawee.
C)the drawer.
D)the payee.

Question

Quizplus · Accepted Answer

Rikki is the one writing the check, so she is the drawer. Scholar University is the payee, as they are the ones receiving the funds. The drawee is the bank on which the check is drawn, in this case, Town Bank. The certifier is a third party who guarantees that the funds will be available when the check is presented for payment, but Rikki is not fulfilling this role in this scenario.

Rikki Writes a Check "Pay to the Order of Scholar