AFP
CTP · Question #896
CTP Question #896: Real Exam Question with Answer & Explanation
The correct answer is B. Pre-authorized drafts. See the full explanation below for the reasoning.
Question
- (Topic 9) Which of the following payment instruments is initiated by the payee rather than the payor?
Options
- ATravelers checks
- BPre-authorized drafts
- CGovernment warrants
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