menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 1
  4. Exam
    Exam 28: Banking in the Digital Age
  5. Question
    A Check Is a Special Type of Draft That Is
Solved

A Check Is a Special Type of Draft That Is

Question 20

Question 20

True/False

A check is a special type of draft that is drawn on a bank, ordering the bank to pay a fixed amount of money on demand.

Correct Answer:

verifed

Verified

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

Related Questions

Q15: When a customer makes a deposit, the

Q16: Cleo writes a check for $100 drawn

Q17: Qiara steals a check from Reese, forges

Q18: Fact Pattern 28-2B (Questions B16-B18 apply)<br>Belle draws

Q19: Kenyon steals one of Lavender's checks and

Q21: Fact Pattern 28-1B (Questions B8 and B9

Q22: When processing a check, Superior Bank encodes

Q23: Fredrik signs a check "pay to the

Q24: Banks must pay interest based on the

Q52: Financial institutions that exchange digital images of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines