24
QuizMultiple Choice

Topic Test

Question 24 • Financial Math - MA2007

Which of the following must be present for a check to be legitimate?I. Your signatureII. A memo or noteIII. The payee

Answer
A
I and II
B
III only
C
I and III
D
I, II, and III

Explanation

A legitimate check must be signed by the account holder and identify who is to receive the money. A memo or note is optional, so the required items are I and III: “Your signature” and “The payee.”

AI-written and checked against the verified answer.

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