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Which market structure(s) is(are) considered highly concentrated?
Intermediary Bank
Any bank, other than a payor or depository bank, that transfers a check during the check collection process.
Cashier's Check
A check issued by a bank, drawn on its own funds rather than that of a personal account, which guarantees the payee payment.
Certified Check
A check verified by a bank, guaranteeing that the signer has enough funds to cover the amount of the check.
Teller's Check
A check drawn by a bank on its own funds and signed by a teller, typically considered a secure form of payment.
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