Question 6
BankingA cheque drawn by a bank on itself is a/an
- A.direct debit.
- B.bank draft.
- C.bank transfer.
- D.overdraft.
Show the answer and explanation
Answer: B (bank draft.)
Explanation
A bank draft is a cheque a bank draws on itself.
A cheque drawn by a bank on itself is a/an
Answer: B (bank draft.)
A bank draft is a cheque a bank draws on itself.