Which of the Following Statements Is True of Certified Checks

question 48

Multiple Choice

Which of the following statements is true of certified checks?

• A) Banks are obligated to certify checks for amounts greater than $10,000.
• B) Certified checks are payable at any time from the date they are issued.
• C) A drawer can stop payment on a certified check if it is indorsed.
• D) Banks can charge a fraction of the check value as a fee for certifying it.

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Definitions:

Factory Equipment

Assets such as machinery and tools used in the manufacturing process to produce goods and services.