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. 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.