True/False
An overdraft is an amount of money a drawer owes a bank after it has paid a check despite insufficient funds in the drawer's account.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q44: Why does the law generally place the
Q48: The major purpose of certified cashier's checks
Q49: A postdated check is one in which
Q51: Which of the following is correct about
Q52: The drawee bank is not obligated to
Q54: When a drawer gives an incomplete check
Q55: The payee is the bank on which
Q56: When a bank pays a check that
Q57: Which of the following is not true
Q58: With an "on us" item,which banks are