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it's a check that is guaranteed by a bank. You give a bank money they give you a printed check for the money you wanted, the check is then as good as cash because the bank cannot bounce a check like a person can. People use cashiers checks when making huge purchases like thousands of dollars because the seller may not trust a personal check. Another reason is that it keeps the users personal information private, the check only has the banks name on it.

2007-01-05 05:59:50 · answer #1 · answered by Economics Guy 3 · 1 0

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