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Which of the following statements is true of certified checks? Banks can charge a fraction of the check value as a fee for certifying it.
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Which of the following statements is true of certified checks?
Banks can charge a fraction of the check value as a fee for certifying it.
Certified checks are payable at any time from the date they are issued.
A drawer can stop payment on a certified check if it is indorsed.
Banks are obligated to certify checks for amounts greater than $10,000.
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