Chris Jones gets a cashier's check from Wachovia Bank to make his down payment on a new home.Which of the following roles is the bank performing?
A)The intermediation role
B)The payments role
C)The risk management role
D)The guarantor role
E)The policy role

Question

Quizplus · Accepted Answer

The bank is performing the payments role by issuing the cashier's check for Chris Jones to make his down payment on a new home.

Chris Jones Gets a Cashier's Check from Wachovia Bank to Make