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Which of the following statements is true of a cashier's check? rev: 03_09_2016_QC_CS-45081 It is a nonnegotiable instrument. It is a draft with respect to
Which of the following statements is true of a cashier's check?
rev: 03_09_2016_QC_CS-45081
It is a nonnegotiable instrument.
It is a draft with respect to which the drawer and drawee are the same bank.
It is a time instrument.
It is considered as a note of the bank by the Uniform Commercial Code.
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