A _____ is a draft on which the drawer or drawee are the same bank (or branches of the same bank).
A) cashier's check
B) teller's check
C) promissory note
D) certificate of deposit

Question

Quizplus · Accepted Answer

The Uniform Commercial Code definition of a check includes a "cashier's check" and a "teller's check." A cashier's check is a draft on which the drawer or drawee are the same bank (or branches of the same bank); a teller's check is a draft drawn by a bank (as drawer) on another bank or payable at or through a bank (3-104 [g] and [h]).

A _____ Is a Draft on Which the Drawer or Drawee