Which of the following resemble checks, but differ in that they are payable by the firm issuing them rather than payable by a bank?
A) drafts
B) concentration banking
C) wire transfers
D) zero-balance account

Question

Quizplus · Accepted Answer

Drafts are similar to checks but are payable by the firm issuing them rather than by a bank. They are often used in international and interbank transactions. Concentration banking, wire transfers, and zero-balance accounts do not resemble checks in any way.

Which of the Following Resemble Checks, but Differ in That