Examlex
On the Internet,price can easily be adjusted to meet changes in the marketplace.This is called ________.
Depositary Bank
A financial institution that receives a deposit, especially one authorized to hold funds or securities for others.
Payor Bank
The bank responsible for disbursing the funds indicated on a check.
Drawer
In the context of banking and checks, the individual or entity that writes and signs a check, directing a bank to pay the stated amount.
Drawee
The entity, often a bank, on which a check or draft is drawn and is responsible for paying the amount specified.
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