Multiple Choice
Sue deposits in her account at First Bank a $50 check drawn on Valley Bank. First Bank transfers the check to Second Bank, which in turn forwards it to Valley Bank, which pays the item. Valley Bank is the:
A) payor bank.
B) drawee bank.
C) collecting bank.
D) The payor bank and also the drawee bank.
Correct Answer:

Verified
Correct Answer:
Verified
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