Question

A cheque issued by a branch of a bank against consideration received is known as______

Drawing cheque

Banker's cheque

Clearing cheque

None of the above​

Answer 1

Answer:

drawing cheque sgejjhhh

Answer 2

A cheque issued by a branch of a bank against consideration received is known as a banker's cheque.

• A bankers cheque is undertaken by the typical bank, equivalent to a banker's considered draft.
• It is typically a pay order signed by a chief cashier carefully drawn on the bank's own funds. Bankers cheques are primarily used to make payments for real estate, brokerage and institutional payments.
• To typically obtain the necessary money listed, the principal beneficiary has to deposit a bankers cheque. One day after the direct deposit, the cheques are usually cleared.