You are going on an overseas trip and you want to have checks that are easily converted into local currency. You should purchase
You are going on an overseas trip and you want to have checks that are easily converted into local currency. You should purchase
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
You are going on an overseas trip and you want to have checks that are easily converted into local currency. You should purchase
Group of answer choices
conditional checks.
cashier's checks.
guaranteed checks.
traveler's checks.
certified checks
Expert Solution
Step 1
The correct answer is
(D) Traveler’s checks
A traveler's check is a check that can be used as a form of payment in different currencies. Traveler's checks can be bought from banks, credit unions, and some travel agencies.
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