Political Science, asked by Anonymous, 11 months ago

define traveller's cheque​

Answers

Answered by Anonymous
13

Explanation:

a cheque for a fixed amount that may be cashed or used in payment abroad after endorsement by the holder's signature.

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Answered by Anonymous
5

Answer:

Travelleler's cheque:-

A traveler’s check is a once-popular but now largely outmoded medium of exchange utilized as an alternative to hard currency. The product typically is used by people on vacation in foreign countries. It offers a safe way to travel overseas without cash. The issuing party, usually a bank, provides security against lost or stolen checks. Beginning in the late 1980s, traveler’s checks have increasingly been supplanted by credit and prepaid debit cards.

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