The Code definition of a check includes a "cashier's check" and a "teller's check." A cashier's check is a draft on which the drawer or drawee are the same bank (or branches of the same bank); a teller's check is a draft drawn by a bank (as drawer)on another bank or payable at or through a bank.

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A Teller's Check

Question 37

Multiple Choice

A teller's check:

A) is a draft drawn by a bank on any other financial institutions other than a bank.
B) is a check drawn by a bank on an individual's funds.
C) is a draft on which the drawer or drawee are the same bank.
D) is a draft drawn by a bank on another bank or payable at or through a bank.

Correct Answer: