Which of the Following Is a Draft with Respect to Which

question 20

Multiple Choice

Which of the following is a draft with respect to which the drawer and drawee are the same bank or branches of the same bank?

• A) Cashier's check
• B) Traveler's check
• C) Certified check
• D) Check certificate
• E) Approved draft

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Definitions:

Industrial Revolution

The period of great economic, technological, and social change in the 18th and 19th centuries, marked by the transition from manual production methods to machine-based manufacturing processes.

Gig Economy

A labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs.

Economic Options

The range of possible choices available to individuals, businesses, and governments in the allocation of resources to meet needs and desires.

Deep Integration

The extent of integration in economic relations and policies beyond removal of tariffs to include harmonization of legal and regulatory systems.