Evermore Bank Is Both the Drawer and the Drawee with Regard

question 10

Multiple Choice

Evermore Bank is both the drawer and the drawee with regard to a draft issued to Fernando. The draft is

• A) a certificate of deposit.
• B) a cashier's check.
• C) a nonnegotiable instrument.
• D) a promissory note.

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Definitions:

Chunks

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A memorization technique based on repetition.

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Long-term memory is the capacity of the brain to store and retain information over extended periods, often for the entirety of an individual's life.