Which of the following is true of the drawer-drawee relationship?
A) The drawer becomes the creditor when the drawee bank pays more than the drawer has on deposit.
B) The drawer becomes a debtor and the drawee bank the creditor at the time of opening a checking account.
C) The drawer becomes the insured and the drawee bank the insurer at the time of opening a checking account.
D) The drawer becomes the creditor and the drawee bank the debtor at the time of opening an account.
Correct Answer:
Verified
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