the party that has been directed by the depositor to pay a certain sum of money to the person presenting the check or draft; ex. The bank that cashes your check is this, your employer who wrote the check is the drawer, and you are the payee

🎲 Try a Random Question  |  Total Questions in Quiz: 154  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
BPA Banking and Finance — practice the complete quiz, review flashcards, or try a random question.


1. the party that has been directed by the depositor to pay a certain sum of money to the person presenting the check or draft; ex. The bank that cashes your check is this, your employer who wrote the check is the drawer, and you are the payee