Which statement is true about traveler's checks?

Question

Quizplus · Accepted Answer

A)A traveler's check is payable on demand,is drawn on or through a bank,is designated by the phrase traveler's check,and requires a countersignature by a person whose signature appears on the instrument.[UCC 3-104i)].The drawer of a traveler's check is usually a large financial organization.
B)A traveler's check is payable on demand,is drawn on or through a bank,is designated by the phrase traveler's check,and requires a countersignature by a person whose signature appears on the instrument.[UCC 3-104i)].The drawer of a traveler's check is usually a large financial organization.
C)A traveler's check is payable on demand,is drawn on or through a bank,is designated by the phrase traveler's check,and requires a countersignature by a person whose signature appears on the instrument.[UCC 3-104i)].The drawer of a traveler's check is usually a large financial organization.
D)A traveler's check is payable on demand,is drawn on or through a bank,is designated by the phrase traveler's check,and requires a countersignature by a person whose signature appears on the instrument.[UCC 3-104i)].The drawer of a traveler's check is usually a large financial organization.
E)A traveler's check is payable on demand,is drawn on or through a bank,is designated by the phrase traveler's check,and requires a countersignature by a person whose signature appears on the instrument.[UCC 3-104i)].The drawer of a traveler's check is usually a large financial organization.
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Topic: Checks

Which Statement Is True About Traveler's Checks