For a consumer who does not have a checking account a ________ check is a means of paying for goods and services.

Question

Quizplus · Accepted Answer

A cashier's check is paid for in advance and guaranteed by the bank, making it a secure form of payment for a consumer who does not have a checking account. A certified check, on the other hand, is a personal check that has been stamped as "certified" by the bank, indicating that the funds are available, but it is not guaranteed in the same way that a cashier's check is.

For a Consumer Who Does Not Have a Checking Account