A Check Drawn on the Bank's Own Account and Signed

question 71

Multiple Choice

A check drawn on the bank's own account and signed by an authorized bank official is called a

• A) bank draft.
• B) voucher check.
• C) cashier's check.
• D) certified check.

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Definitions:

Contribution

An addition or support provided to something, often referring to the role or impact one element brings to an overall outcome or project.

Binomial Random Variable

A type of random variable that results from a binomial experiment, defined by a fixed number of trials, two possible outcomes per trial, constant probability of success, and independence between trials.

Random Sample

A sample that ensures each member of the population has an equal chance of being included.

Probability

A quantification of the probability that a specific event happens, denoted by a value ranging from 0 to 1.