Which of the Following Is True of the Drawer-Drawee Relationship

question 77

Multiple Choice

Which of the following is true of the drawer-drawee relationship?

• A)The drawer becomes the creditor when the drawee bank pays more than the drawer has on deposit.
• B)The drawer becomes a debtor and the drawee bank becomes the creditor at the time of opening a checking account.
• C)The drawer becomes the insured and the drawee bank becomes the insurer at the time of opening a checking account.
• D)The drawer becomes the creditor and the drawee bank becomes the debtor at the time of opening an account.

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