A cheque drawn by a bank official on the bank’s deposit in another bank on…

Commerce JAMB 2015

A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank

  • Bank draft
  • Bankers’ order checkmark
  • Promissory note
  • Travelers cheque

The correct answer is: B

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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