define banker, payee and payer
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Banker are those who works in banks and regulate the process of giving loan etc.
payee are those who get salary from his/her owner.
payee are those who gives salary to those works under them.
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Answer:
The payer (sometimes spelledpayor) is the person who pays the payment (money usually but could be any form of 'consideration'). The payeeis the person to whom the payment is made (in other words, the person who receives the payment).
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