ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cashier’s
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Debit
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Traveler’s
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Certified
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Detailed explanation-1: -Bearer cheque Was this answer helpful?
Detailed explanation-2: -Key Takeaways Types of checks include certified checks, cashier’s checks, and payroll checks, also called paychecks.
Detailed explanation-3: -Open cheque An open cheque is basically an uncrossed cheque. This cheque can be encashed at any bank, and the payment can be made to the person bearing the cheque. This cheque is transferable from the original payee (the original recipient of the payment) to another payee too.
Detailed explanation-4: -Personal checks. A personal check is a paper slip from your bank, credit union or financial institution that is signed by you, the account holder. Cashier’s checks. Certified checks. Electronic checks. Traveler’s checks. Business checks. Which check type is right for me? 17-Dec-2021