Question:
The other name for Banker’s cheque is:
The other name for Banker’s cheque is:
Updated On: Dec 16, 2024
- Bank draft
- Overdraft
- Pay order
- Demand Draft
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The Correct Option is C
Solution and Explanation
Abanker’s cheque, also known as a pay order, is a financial instrument issued by a bank, instructing the bank itself to pay a certain amount to a specified person. It is used for local transactions.
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