A___________is an unsigned check drawn on one of the firm's bank accounts and deposited into itsaccount at another bank.
A) wire transfer
B) depository transfer check
C) preauthorized check
D) direct send

Question

Quizplus · Accepted Answer

The description matches that of a depository transfer check, also known as a DTC. A wire transfer involves directly transferring funds from one account to another electronically. A preauthorized check is a recurring payment that is authorized in advance. Direct send is not a commonly used term in banking.

A___________is an Unsigned Check Drawn on One of the Firm's