A ________ is an unsigned check drawn on one of a firm's bank accounts and deposited into its account at another bank.
A) direct send
B) wire transfer
C) depository transfer check
D) preauthorized check

Question

Quizplus · Accepted Answer

A depository transfer check (DTC) is an unsigned check drawn on one of a firm's bank accounts and deposited into its account at another bank. This allows the firm to move funds between accounts without having to physically transfer cash or write a new check. Options A, B, and D are not accurate definitions of a DTC.

A ________ Is an Unsigned Check Drawn on One of a Firm's