History, asked by shubhamyadav1236huma, 5 months ago

3. What is overdraft and traveller’s cheque?

Answers

Answered by sarasultana15

2

A traveller's cheque[a] is a medium of exchange that can be used in place of hard currency. They can be denominated in one of a number of major world currencies and are preprinted, fixed-amount cheques designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.

Explanation:

HOPE IT IS HELPFUL FOR U...✌

Previous Question

Next Question

Similar questions

Computer Science, 2 months ago

A faster type of memory called the ________ is used to speed up the memory access.

Physics, 2 months ago

1. (a) State what do you understand by the area of an object. (b) State the standard international unit of area.

Math, 2 months ago

.) Draw line of symmetry for square and equilateral triangle. ) draw a circle of radius 3 cm and mark point X, Y and Z such that a) X is on the circle...

Hindi, 5 months ago

छात्रों ने पाठ पढ़ा संस्कृत में बदलिए...

Physics, 5 months ago

a ray of light incident at an angle of 45degree on the refracting phase of an equibilateral glass prism passes symmetrically through the prism .find the refractive index of the material of the prism.

Math, 11 months ago

A rectangular map with a white margin measures 18cm by 15cm.If the margin is 1cm wide,find the area of the white margin...

English, 11 months ago

plz tell me how you all are feralesss all kind of stiuations where it is stage and you have speak plz tell how i be feraless i am 17 yrs old but mujhe sub se dar oag ta hai kya karu plz help guys ...

Math, 11 months ago

Question 1 5/6*7/6*x-8/9*5/8+7/4*10/3=25/9 Question 2 33/4 - 21/5 + 2.8 + 4/x - 2.3 = 5.33 find value of x for both the question. Need Calculation...