History, asked by shubhamyadav1236huma, 4 months ago

3. What is overdraft and traveller’s cheque?

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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.

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