Which of the following types of checks refers to something that can be transferred or exchanged?

Negotiable checks are those that can be transferred or exchanged. This means that the rights to the funds can be transferred from one party to another through endorsement. A negotiable check can be deposited or cashed by anyone who is in possession of it, as long as it is properly endorsed. This feature makes it versatile and widely accepted in transactions.

In contrast, post-dated checks are written with a future date and cannot be cashed until that date arrives. Voucher checks, often used for specific disbursements or reimbursement purposes, may not be transferable in the same way as negotiable checks. The term "monetary payee" is not a standard type of check and does not specifically denote a check's ability to be transferred or exchanged. Thus, while the other options describe different types of checks or concepts related to payment, only negotiable checks explicitly refer to checks that can be exchanged or transferred between parties.