Which of the Following Resemble Checks, but Differ in That

question 100

Multiple Choice

Which of the following resemble checks, but differ in that they are payable by the firm issuing them rather than payable by a bank?

• A) Drafts
• B) Concentration banking
• C) Wire transfers
• D) Zero-balance account

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Definitions:

Identified Sponsor

An entity or person who is openly acknowledged as funding or endorsing an advertisement or promotional activity.

Pioneering

The act of being the first to develop or use new methods, areas of knowledge, or activities, often leading to innovation in a field.

Competitive

Relating to or characterized by competition; striving to gain or win something by defeating or establishing superiority over others.

Reminder

A reminder is a tool or message used to prompt or encourage individuals to remember and take action on a specific task, event, or behavior.