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A Cheque Drawn By A Bank Official On The Bank’s Deposit In Another Bank On A Customer’s Deposit In Another Bank? - Erudites Academy

A. Bank draft
B. Bankers’ order
C. Promissory note
D. Traveler’s cheque

Correct Answer:

Option B – Bankers’ order

Explanation

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.

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