When a Check Is Issued,the Party Who Is Paying the Cash

question 74

Multiple Choice

When a check is issued,the party who is paying the cash is referred to as the ________.

• A) payee
• B) maker
• C) bank signatory
• D) depositor

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Definitions:

Succession Planning

The process of identifying and developing new leaders who can replace old leaders when they leave, retire, or die.

Retirement

The phase in life where one voluntarily leaves their job or career, often due to age.

Instrumental Support

Assistance provided to someone in the form of tangible aid or service, such as financial help or offering resources.