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:

Functions

Mathematical concepts that describe the relationship between a set of inputs and a set of possible outputs, where each input is related to exactly one output.

Language

A system of communication that involves a set of arbitrary symbols.

Formal Ceremony

An official event conducted with established protocols and rituals, often marking significant occasions or achievements.

Manipulated

Altered or controlled in a skillful or sometimes deceitful manner.