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

question 49

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:

Physician's Office

A workspace or clinic where a medical doctor conducts examinations, consultations, and treatment of patients.

Purchase Orders

Official documents issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Expensive Items

Products or commodities that have a high purchase price, often due to their quality, rarity, or luxurious nature.

Trial Basis

A provisional period during which a product, service, or employee is tested or used before making a final decision regarding adoption, employment, or purchase.