Sylvia Draws a Check on ABC Bank Payable "To the Order

question 19

Multiple Choice

Sylvia draws a check on ABC Bank payable "to the order of Ann Smith." Ann indorses it and deposits it in her account at First Bank. First Bank is a:

• A) drawee bank.
• B) payee bank.
• C) depositary bank.
• D) payor bank.

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Definitions:

Objective Introspection

A research method in which individuals examine and report their own thoughts and mental activities in an objective manner, as part of psychological analysis.

Philosophical Logic

A branch of philosophy concerned with the study and application of logic to philosophical problems and arguments.

Scientific Method

a systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis formulation, experimentation, and conclusion to validate or refute a hypothesis.

Correlational

Pertaining to a statistical relationship between two variables, indicating how one may predict or relate to the other, without implying causation.