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  3. Study Set
    Fundamentals of Business Law Today
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    Exam 17: Negotiability, transferability, and Liability
  5. Question
    If a Bank Is Both the Drawer and the Drawee
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If a Bank Is Both the Drawer and the Drawee

Question 36

Question 36

Multiple Choice

If a bank is both the drawer and the drawee with regard to a draft,then the draft is a


A) certificate of deposit.
B) cashier's check.
C) nonnegotiable instrument.
D) promissory note.

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