BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The ____ is who the check is written to
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Drawer
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Interest
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ATM
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Payee
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Explanation:
Detailed explanation-1: -The person or entity writing the check is known as the payor or drawer, while the person to whom the check is written is the payee. The drawee, on the other hand, is the bank on which the check is drawn.
Detailed explanation-2: -The check writer is also known as the “payor", “signer", “maker", the drawer, or the “account holder". The signer or presenter of the check, or person who prints and authorizes the check.
Detailed explanation-3: -The maker of a bill of exchange or cheque is called the “drawer"; the person thereby directed to pay is called the “drawee".
There is 1 question to complete.