Solved

Sylvia Draws a Check on ABC Bank Payable "To the Order

Question 4

Multiple Choice

Sylvia draws a check on ABC Bank payable "to the order of Ann Smith." Ann indorses it and deposits it in her account at First Bank.First Bank is a:


A) payee bank.
B) depositary bank.
C) payor bank.
D) drawee bank.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions