Molly went to her bank,gave the teller $200 plus a small fee,and received a check drawn on the financial institution itself.What kind of checks were these?

Question

Quizplus · Accepted Answer

Cashier's checks are usually given by a bank teller, and they are drawn on the bank's own funds, meaning that the bank is responsible for the check's validity. In this case, Molly gave money to the teller and received a check drawn on the financial institution itself, indicating that it was a cashier's check. Certified checks require the funds to be verified beforehand, money orders are similar to cashier's checks but are usually sold by a third-party, and traveler's checks are specifically meant for use when traveling.

Molly Went to Her Bank,gave the Teller $200 Plus a Small