Which of the following is characteristic of both cashier's checks and traveler's checks?
A) They are frequently issued by companies other than banks.
B) Requirement of a countersignature when used
C) Usually available only in certain fixed denominations
D) The same party serves as both the drawee and drawer.
E) Must be certified before they can be negotiated
D
Business
You might also like to view...
An agency cannot be created in which of the following ways:
A: By a formal written contract; B: By ratification; C: By accident or necessity; D: By subornation.
Business
Collective bargaining in the public sector is largely shaped by market forces, while political forces shape bargaining in the private sector
Indicate whether the statement is true or false
Business