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

question 43

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 the creditor at the time of opening a checking account.
• C) The drawer becomes the insured and the drawee bank the insurer at the time of opening a checking account.
• D) The drawer becomes the creditor and the drawee bank the debtor at the time of opening an account.

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