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To Be Negotiable, a Check Must State the Specific Amount

Question 60

Multiple Choice

To be negotiable, a check must state the specific amount to be paid, be made out (made payable) to the payee, specify the date on which payment is to be made, be signed by the payer, and ________________________________________.


A) Have a date other than the current date on the check
B) Have a third-party name on the check
C) Carry the name of the bank that is making the payment
D) Have the notation "paid in full" written on the check

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