Which Statement Is True About Traveler's Checks

question 5

Multiple Choice

Which statement is true about traveler's checks?

• A)They require a countersignature by a person whose signature appears on the instrument.
• B)The person who purchases the traveler's check does not sign the instrument until it is ready to be used to make a purchase.
• C)They are payable on a designated date.
• D)Like other types of checks,a traveler's check need not state "traveler's check" on the instrument.
• E)The drawer is usually a small,local bank.

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Definitions:

Mental Flexibility

The ability to adapt one's thinking and behavior in response to changing circumstances or new information.

Creativity

The ability to produce original and valuable ideas or solutions by thinking outside the conventional boundaries.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Unconscious

A reservoir of feelings, thoughts, urges, and memories that are outside of our conscious awareness.