Which of the Following Is Characteristic of Both Cashier's Checks

Multiple Choice

Which of the following is characteristic of both cashier's checks and traveler's checks?

A) requirement of a countersignature when used
B) usually available only in certain fixed denominations
C) must be certified before they can be negotiated
D) They are frequently issued by companies other than banks.
E) The same party serves as both the drawee and the drawer.