Who Can Certify a Check

question 29

Multiple Choice

Who can certify a check?

• A) the drawee
• B) the drawer
• C) the payee
• D) the payee and the drawer if both agree
• E) the drawee,the payee,or the drawer

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Definitions:

Investment Company

A business structure, such as a corporation or trust, dedicated to managing the combined investments of various investors in financial markets.

Front-end Loads

Charges or fees that are paid by investors at the time of purchasing shares of a mutual fund or an investment trust.

Low-load Mutual Funds

Mutual funds that charge a lower sales load (commission) compared to typical sales charges, making them more cost-effective for investors.

Asset Value

Asset value is the total value of a company's or individual's assets, calculated by summing the market value of all tangible and intangible items.