Fact Pattern 18-2 Tom Draws a Check,on His Account in State Bank in State

question 44

Multiple Choice

Fact Pattern 18-2
Tom draws a check,on his account in State Bank in New York,payable to Digital Media,Inc.,in San Francisco.Digital deposits the check in its ac-count at First National Bank.
-Refer to Fact Pattern 18-2. Digital's bank is

• A)the cashing bank.
• B)the depositary bank.
• C)the intermediary bank.
• D)the payor bank.

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Pounds

A unit of currency in the United Kingdom and other territories, symbolized as £.

Lettuce

A leafy green vegetable, commonly used in salads and sandwiches, belonging to the daisy family.

Delivered

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Lowest Terms

Refers to the simplest form of a fraction where the numerator and denominator are reduced to their smallest possible numbers.