A bank that draws a check on itself has issued
A)a special indorsement.
B)a claim in recoupment.
C)a certificate of deposit.
D)a cashier's check.

Name: A bank that draws a check on itself has issued A)a special indorsement. B)a claim in recoupment. C)a certificate of deposit. D)a cashier's check.
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Question

A bank that draws a check on itself has issued 
A)a special indorsement.
B)a claim in recoupment.
C)a certificate of deposit.
D)a cashier's check.

Quizplus · Accepted Answer

A check that a bank draws on itself is called a cashier's check, which is a financial instrument that guarantees the payment of funds to the recipient.

A Bank That Draws a Check on Itself Has Issued