Marta has a checking account with Neighbors Bank. Marta signs a check "payable to Olive" drawn on Marta's account. Neighbors Bank is
A) the payor.
B) the drawee.
C) the drawer.
D) the payee.

Question

Quizplus · Accepted Answer

Neighbors Bank is the drawee because it is the bank on which the check is drawn and is responsible for paying the amount specified on the check from Marta's account.

Marta Has a Checking Account with Neighbors Bank