Which of the Following Is Characteristic of Both Cashier's Checks

question 57

Multiple Choice

Which of the following is characteristic of both cashier's checks and traveler's checks?

• A) requirement of a countersignature when used
• B) usually available only in certain fixed denominations
• C) must be certified before they can be negotiated
• D) They are frequently issued by companies other than banks.
• E) The same party serves as both the drawee and the drawer.

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Definitions:

Personal Storage Table

A file format used by Microsoft Outlook to store email messages, contacts, calendar events, and other data on the user's local computer.

Calendar Entries

Items or records entered into a calendar to mark and organize dates and events, facilitating time management and scheduling.

Message Area

A part of a user interface designed to display messages or feedback to the user, such as error messages or notifications.

Greeting Line

A phrase or sentence used at the beginning of a letter or email to address or express friendliness towards the recipient.