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Question
Which of the following is true of the relationship between the drawee bank and its customer?
A. The drawee bank becomes a creditor and the customer becomes a debtor at the time of opening a checking account.
B. The drawee bank becomes an insurer and the customer the insured at the time of opening a checking account.
C. The drawee bank becomes the customer's debtor at the time of opening a checking account and agent while collecting checks.
D. The drawee bank becomes a debtor to the customer when the bank pays more than the customer has on deposit.
Answer
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