Question

define traveller's cheque ​

Answer 1

Answer:

traveller's cheque 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.

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Answer 2

Travellers' cheques are pre-printed, fixed-amount cheques, designed to allow payments from one person to another across currencies. Usually issued by banks, they work as a guarantee of payment. This means the cheque can never 'bounce' when you use it, because you've already paid for it.