The File Path F:\FM\Tutorial\Holiday.bmp Has Five Parts._________________________

question 16

True/False

The file path F:\FM\Tutorial\Holiday.bmp has five parts._________________________

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Definitions:

Payor Bank

A bank that is responsible for paying a check or draft presented for payment.

Intermediary Bank

Any bank, other than a payor or depository bank, that transfers a check during the check collection process.

Cashier's Check

A check issued by a bank, drawn on its own funds rather than that of a personal account, which guarantees the payee payment.

Certified Check

A check verified by a bank, guaranteeing that the signer has enough funds to cover the amount of the check.