31. Which of the following is NOT a required component of a cashier’s check?
a) Payee’s name
b) Bank’s name and address
c) Issuing bank’s account number
d) Signature of the issuing bank’s representative
32. True or False: The sender of a wire transfer can specify the currency in which the funds should be received by the recipient.
33. What is the maximum amount that can typically be remitted through a single demand draft?
a) $1,000
b) $5,000
c) $10,000
d) There is no maximum limit
34. Which of the following is a disadvantage of using a money order for remittance?
a) Higher transaction fees compared to other methods
b) Delayed processing time compared to other methods
c) Limited amount that can be remitted per transaction
d) Higher risk of loss or theft compared to other methods
35. True or False: All banks offer money order services.
