Which of the following is a characteristic of bank checks that makes payees often more willing to accept a bank check than to accept a personal check?

Question

Quizplus · Accepted Answer

Bank checks are backed by the bank, meaning that the bank is primarily responsible for payment. This provides a greater level of security for the payee, making them more willing to accept a bank check over a personal check, which is only backed by the individual writing the check.

Which of the Following Is a Characteristic of Bank Checks