Marta has a checking account with Neighbors Bank. Marta signs a check "payable to Olive" drawn on Marta's account. Neighbors Bank is
A) none of the choices.
B) the drawee.
C) the drawer.
D) the payee.

Question

Marta has a checking account with Neighbors Bank. Marta signs a check "payable to Olive" drawn on Marta's account. Neighbors Bank is​
A) none of the choices.
B) ​the drawee.
C) ​the drawer.
D) ​the payee.

Quizplus · Accepted Answer

Neighbors Bank is the drawee because it is the financial institution responsible for paying the funds to the payee, Olive, as indicated on the check that was signed by Marta, the drawer.

Marta Has a Checking Account with Neighbors Bank