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    Business Law Study Set 7
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    Exam 25: Banking System and Electronic Financial Transactions
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    When a Bank Pays the Holder of a Properly Drawn
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When a Bank Pays the Holder of a Properly Drawn

Question 79

Question 79

Multiple Choice

When a bank pays the holder of a properly drawn check, it is said to have ________ the check.


A) certified
B) indorsed
C) honored
D) collected

Correct Answer:

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