Which of the Following Statements Is True of Certified Checks

question 48

Multiple Choice

Which of the following statements is true of certified checks?

• A) Banks are obligated to certify checks for amounts greater than $10,000.
• B) Certified checks are payable at any time from the date they are issued.
• C) A drawer can stop payment on a certified check if it is indorsed.
• D) Banks can charge a fraction of the check value as a fee for certifying it.

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Definitions:

Analgesic

A type of medication designed to relieve pain without causing loss of consciousness.

Spiritual Counselor

A professional who provides guidance and support in exploring one's beliefs, values, and spiritual paths.

Nonfunctionality

The state of being without a specific function or not operating in a normal or intended manner.

Irreversibility

A concept in cognitive development where the understanding that certain processes cannot be undone or returned to their original state is lacking.