Asked by Jaylin Johnson on Jul 14, 2024

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A check on which one bank is both the drawer and the drawee is called a:

A) certified check.
B) cashier's check.
C) teller's check.
D) uncertified check.

Cashier's Check

A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.

Drawer

The person or entity that issues or writes a check or draft, instructing their bank to pay the stated amount to the party named on the document.

Drawee

The party, usually a bank, that is directed to pay a certain amount of money from a person's account as stated in a check or draft.

  • Acquire knowledge about the specifics and traits of several types of checks, encompassing stale, certified, cashier's, and teller's checks.
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KRISTIAN GUMMINGERJul 15, 2024
Final Answer :
B
Explanation :
A check on which a bank is both the drawer and the drawee is a cashier's check.