Question

Fact Pattern 19-2
Tom draws a check, on his account in State Bank in New York, payable to Digital Media, Inc., in San Francisco. Digital deposits the check in its ac­count at First National Bank.
Refer to Fact Pattern 19-2. Digital's bank is
a. the cashing bank.
b. the depositary bank.
c. the intermediary bank.
d. the payor bank.

Answer

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