How Is a Cashier's Check Different from an Ordinary Check

question 16

Multiple Choice

How is a cashier's check different from an ordinary check?

• A) Cashier's checks can be postdated, but ordinary checks cannot be postdated.
• B) Unlike ordinary checks, cashier's checks do not require the purchaser to hold a checking account at that bank.
• C) Unlike ordinary checks, cashier's checks are cancellable negotiable instruments upon issue.
• D) Cashier's checks are three-party checks, while ordinary checks involve only two parties.

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Definitions:

Prepurchase Behavior

The actions and processes consumers go through before making the final decision to purchase a product or service.

Problem Recognition

The first step in the consumer decision-making process, where a consumer identifies a need or problem that needs to be solved.

Alternative Evaluation

The phase in the consumer decision process where individuals assess the benefits and drawbacks of different choices available to them before making a purchasing decision.

Antecedent States

Preceding conditions that influence individuals' behavior or attitudes in a particular context.