Asked by Spencer Hamer- on Jul 12, 2024

verifed

Verified

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

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

Teller's Check

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

Drawer

The entity or person who writes or creates a check, thereby instructing the bank to pay the stated amount to the party named on the check.

Drawee

The party upon whom a check or draft is drawn, typically a bank, that is directed to pay a certain amount of money.

  • Understand the characteristics and definitions of various check types, such as stale, certified, cashier's, and teller's checks.
verifed

Verified Answer

EI
Emily InfanteJul 15, 2024
Final Answer :
D
Explanation :
A teller's check is a check on which one bank is the drawer and another bank is the drawee.