When a customer writes a cheque in his name and withdraws cash with it from his account he is both the?
- drawee and the payee
- drawer and the payee
- drawee and the drawer
-
drawer and the payee
The correct answer is: D
Explanation
When a customer writes a cheque in their own name to withdraw cash from their account, they are both the drawer (the person who writes and signs the cheque) and the payee (the person to whom the cheque is payable). The drawee, in this case, would be the bank.