Which type of check generally provides the least certainty of payment?
A) demand deposit
B) certified check
C) cashier's check
D) money order

Question

Quizplus · Accepted Answer

Demand deposits, which are funds in checking accounts that can be withdrawn at any time without any notice, generally provide the least certainty of payment compared to certified checks, cashier's checks, and money orders. This is because the availability of funds in a demand deposit account can fluctuate and is not guaranteed by the bank or a third party, unlike the other options where funds are verified or provided by the institution issuing the instrument.

Which Type of Check Generally Provides the Least Certainty of Payment