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Adam Smith is credited with being the first to define the concept of comparative advantage.
Cashier's Check
A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.
Draft
A preliminary version of a piece of writing, document, or legislation that is subject to further revision and editing.
Drawer
The party that writes and signs a check, directing a bank to pay the check's amount to the person or entity named as the payee.
Drawee
The party on whom a check or draft is drawn, and who is expected to pay the amount specified.
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