Question on: JAMB Commerce - 2015
A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank
A
Bank draft
B
Bankers’ order
C
Promissory note
D
Travelers cheque
Ask EduPadi AI for a detailed answer
Correct Option: B
it is an order by the customer requesting the bank to transfer certain amount from the customer’s account to another bank account, so it is a standing order.
Add your answer
Please share this, thanks!
No responses