Which of the Following Is True of the Relationship Between

Multiple Choice

Which of the following is true of the relationship between the drawee bank and its customer?

A) The drawee bank becomes a creditor and the customer becomes a debtor at the time of opening a checking account.
B) The drawee bank becomes an insurer and the customer the insured at the time of opening a checking account.
C) The drawee bank becomes the customer's debtor at the time of opening a checking account and agent while collecting checks.
D) The drawee bank becomes a debtor to the customer when the bank pays more than the customer has on deposit.