A check that a drawee bank guarantees will be paid to the holder is a:

Question

Quizplus · Accepted Answer

A certified check is a check that a bank guarantees will be paid to the holder, as the bank sets aside the funds from the drawer's account to ensure the check can be cashed. A bank draft is a type of check where the bank itself is the drawer, while a traveler's check is like a prepaid, fixed-denomination check used for travel expenses. A treasurer's check is a check issued by a government entity or organization. Therefore, only a certified check fits the description provided.

A Check That a Drawee Bank Guarantees Will Be Paid