Which type of checks guarantee payment?

The option regarding certified, cashier's, and traveler's checks is the correct answer because these types of checks are specifically designed to ensure that funds are guaranteed for payment.

A certified check is one that has been verified by the bank, which assures that the funds are available in the account and that the bank has set aside those funds for the specific check amount. This provides the recipient with a higher level of security regarding payment.

A cashier's check is issued by a bank and is drawn on the bank's own funds, not on the funds of an individual account holder. This means that it is backed by the bank, and recipients can feel confident that payment is assured.

Traveler's checks are also pre-printed and prepaid, meaning they can be used as cash and are guaranteed to be accepted by the receiving party, making them a safe option for carrying money while traveling.

In contrast, personal checks are dependent on the account holder's available funds and can bounce if there aren’t sufficient funds in the account. Cash, while it is inherently guaranteed in the sense that it is legal tender, does not provide the same kind of tracking and assurance as checks do. Debit cards facilitate electronic payments that withdraw directly from a bank account but can also result in overdraft