The Bank Where the Payee or Holder of a Check

question 76

Multiple Choice

The bank where the payee or holder of a check has an account is known as the ________.

• A) payer bank
• B) depository bank
• C) intermediary bank
• D) private bank

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Definitions:

Student Fees

The charges imposed on students for enrollment, tuition, and other services provided by educational institutions.

Dissimilar Sources

References or origins that are notably different from each other in nature, viewpoints, or characteristics.

Matter of Fact

A statement that is based on factual information or evidence, undistorted by emotion or personal prejudice.

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