AFP
CTP · Question #896
(Topic 9) Which of the following payment instruments is initiated by the payee rather than the payor?
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
How the community answered
(32 responses)- A9% (3)
- B72% (23)
- C19% (6)
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