A check that is drawn by one bank and is usually drawn on another bank is a[n] ________ check.

Question

Quizplus · Accepted Answer

A)A teller's check is similar to a cashier's check in that both the drawer and the
drawee are banks.However,a teller's check is different because it is a check that is drawn by one bank and usually drawn on another bank [UCC 3-104h)].
B)A teller's check is similar to a cashier's check in that both the drawer and the drawee are banks.However,a teller's check is different because it is a check that is drawn by one bank and usually drawn on another bank [UCC 3-104h)].
C)A teller's check is similar to a cashier's check in that both the drawer and the drawee are banks.However,a teller's check is different because it is a check that is drawn by one bank and usually drawn on another bank [UCC 3-104h)].
D)A teller's check is similar to a cashier's check in that both the drawer and the drawee are banks.However,a teller's check is different because it is a check that is drawn by one bank and usually drawn on another bank [UCC 3-104h)].
E)A teller's check is similar to a cashier's check in that both the drawer and the drawee are banks.However,a teller's check is different because it is a check that is drawn by one bank and usually drawn on another bank [UCC 3-104h)].
Page Ref: 632 Topic: Checks

A Check That Is Drawn by One Bank and Is