The ____ agrees to make the payment, such as the bank making a payment based on a document presented to it.

Question

Quizplus · Accepted Answer

The correct term for the entity that agrees to make the payment, such as a bank, is not listed among the options provided. The terms given have specific meanings in financial transactions: a beneficiary is someone who receives benefits, a drawer is the person who writes a cheque, a payee is the person to whom money is paid, and "checker" is not a standard term in this context.

The ____ Agrees to Make the Payment, Such as the Bank