A ________ Check Is a Draft on Which the Drawer

question 80

Multiple Choice

A ________ check is a draft on which the drawer and drawee are the same bank (or branches of the same bank) .

• A)cashier's
• B)teller's
• C)certified
• D)traveler's

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Definitions:

Shares

Units of ownership interest in a corporation or financial asset, affording certain rights such as dividends and voting rights.

Common Stock

An investment vehicle that indicates a partial ownership stake in a corporation, offering the investor voting privileges and a fraction of the company's profits in the form of dividends.

Par Value

The stated or par value of a bond, stock share, or coupon as indicated by the issuing entity.

Shares

Units of ownership interest in a corporation or financial asset, providing a share in profits and an entitlement to company assets and dividends.