Which of the following is a draft most like?
A) A money order.
B) A line of credit.
C) An established credit application.
D) A personal check.

Question

Quizplus · Accepted Answer

A personal check is a written order to a bank to pay a specific amount of money from the account of the person writing the check. Similarly, a draft is a written order by one party to another party, usually a bank, to pay a certain amount of money to a third party. Both a personal check and a draft require sufficient funds to be available in the account to be honored.

Which of the Following Is a Draft Most Like