A ________ is an unsigned check drawn on one of the 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 is a type of check used to transfer funds from one bank account to another. It is often used by businesses to move money between their own accounts at different banks. The check is not signed, and instead serves as an authorization for the funds to be transferred.

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