The Major Difference Between a Check and a Draft Is

question 41

Multiple Choice

The major difference between a check and a draft is that:

• A) the draft is not drawn on the bank but on the issuer.
• B) the bank must present the draft to the firm for acceptance.
• C) after acceptance of the draft the firm must deposit the funds to make payment.
• D) All of these.
• E) None of these.

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Definitions:

Parenting Styles

Different approaches to raising children, typically categorized into authoritative, authoritarian, permissive, and uninvolved styles.

Elementary School

An educational institution for early stages of schooling, typically for children from kindergarten through fifth or sixth grade, focusing on basic academic learning and social skills.

Informal Support

Assistance and resources provided by non-professional networks, such as family, friends, or community members, rather than through formal services or institutions.

Neighborhood Carpool

An arrangement among a group of people to share car rides to and from work, school, or other destinations to save on transportation costs.