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:

Alienate People

To cause individuals to feel isolated or estranged, often as a result of actions or policies that are perceived as unfriendly or unrelatable.

Modified Rebuy

A purchasing situation where a buyer reorders a product with minor modifications or adjustments.

Specifications

Detailed descriptions of the design, materials, and performance criteria for products or projects.

Quality

The measure of excellence or state of being free from defects, deficiencies, and significant variations, brought about by strict adherence to measurable and verifiable standards to meet customer expectations.