Which of the Following Types of Checks Is Preprinted and Might

question 54

Multiple Choice

Which of the following types of checks is preprinted and might be used by a physician to pay for out-of-town conference expenses?

• A) Counter
• B) Certified
• C) Voucher
• D) Traveler's
• E) Limited

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Definitions:

Automatically Perfected

A status achieved by security interests in certain types of property upon attachment, without further legal action or filing required.

Financing Statement

A document filed by a creditor to give public notice that it has or may have an interest in the personal property of a debtor (usually in connection with a secured transaction).

Consumer Good

A commodity or a product that is produced and purchased to satisfy the personal needs or wants of the consumer.

General Creditor

An individual or entity that is owed a debt that is not secured by collateral, leaving them with no special rights to any specific property of the debtor in case of default.