Which of the following is used for making payments to many people in a single cheque?

A. debit transfer
B. certified cheque
C. bank draft
D. credit transfer

Correct Answer: Option C

C. bank draft

Explanation

A banker’s draft is a cheque provided to a customer of a bank or acquired from a bank for remittance purposes, that is drawn by the bank, and drawn on another bank or payable through or at a bank. A normal cheque represents an instruction to transfer a sum of money from the drawer’s account to the payee’s account.