Ken presents an instrument that states "pay to the order of Laura" to Metro Bank for payment. The most common type of negotiable instrument, this is

Question

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The instrument presented is a check, which is a type of negotiable instrument. Option A, a substitute check, refers to a type of check that is created when an original paper check is converted to an electronic image. Option C, an electronic fund transfer, and option D, payment via a mobile device, are not negotiable instruments.

Ken Presents an Instrument That States "Pay to the Order