Which of the following forms of payment carries the risk of being returned by the bank because of insufficient funds?

Question

Quizplus · Accepted Answer

Cashier's checks, certified checks, traveler's checks, and money orders are all forms of payment that are guaranteed by the issuing institution. This means that they are pre-funded or backed by sufficient funds at the time of issuance, significantly reducing the risk of being returned due to insufficient funds.

Which of the Following Forms of Payment Carries the Risk