Author Question: A ____________ check is guaranteed by the bank for the amount in which it is written. a. cashier's ... (Read 142 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
A ____________ check is guaranteed by the bank for the amount in which it is written.
 a. cashier's
  b. certified
  c. travelers
  d. none of the above

Question 2

If any check is written in excess of the amount in the account, it is returned to the payee marked _______.
 a. COB
  b. CDT
  c. NSF
  d. none of the above



annierak

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

a
RATIONALE: A cashier's check is guaranteed by the bank for the amount in which it is written.

Answer to Question 2

c
RATIONALE: If any check is written in excess of the amount in the account, it is returned to the payee marked NSF.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

For a complete list of videos, visit our video library