Which of the Following Is False Regarding Certified Checks

question 82

Multiple Choice

Which of the following is false regarding certified checks?

• A)If a bank refuses to certify a check,the check is considered dishonored.
• B)Once a check is certified,funds of the customer are removed from his or her account and placed in the bank's certified check account.
• C)If a bank certifies a check,the drawer of the check is no longer liable for the amount of the check.
• D)If a bank certifies a check,the bank has become primarily liable for the check.
• E)A certified check is a check that is accepted at the bank at which it is drawn.

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Definitions:

Gross Income

The total income received before any deductions or taxes are taken out.

Acreage Allotment

A government policy that limits the amount of land that can be used for certain agricultural crops, often aimed at controlling supply and stabilizing market prices.

Agricultural Products

Items that originate from farming and the cultivation of the land, including crops, livestock, and raw materials.

Food For Peace

A U.S. government program that provides food assistance abroad to help support economic stability and encourage peace.