Which of the following are not associated with an instrument known as a traveler's check?
A) Is payable on demand
B) Is drawn on or payable through a bank
C) Is designated by the term 'traveler's check' or similar wording
D) Is available only in countries that use paper currency
E) Requires as a condition of payment a countersignature of a person whose signature appears on the instrument

Question

Quizplus · Accepted Answer

Traveler's checks are designed for use by travelers and are accepted worldwide, not limited to countries that use paper currency. They are a secure way to carry money when traveling, as they can be replaced if lost or stolen, and are not restricted by the type of currency used in a country.

Which of the Following Are Not Associated with an Instrument