Which of the following is a draft with respect to which the drawer and drawee are the same bank or branches of the same bank?
A) Cashier's check
B) Traveler's check
C) Certified check
D) Check certificate
E) Approved draft

Question

Quizplus · Accepted Answer

A cashier's check is a type of draft where the drawer and drawee are the same bank or branches of the same bank. It is issued by the bank itself, guaranteeing the payment.

Which of the Following Is a Draft with Respect to Which