There are some limitations on check writing for both MMDAs and MMMFs.

Name: There are some limitations on check writing for both MMDAs and MMMFs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both MMDAs and MMMFs typically have limits on the number of checks that can be written per statement cycle, as well as minimum amounts for individual checks. Additionally, some MMMFs may only allow checks to be written to certain types of accounts or for specific purposes.

There Are Some Limitations on Check Writing for Both MMDAs