Social Sciences, asked by tanmay46918, 6 months ago

Explain about money order and Demand draft .


Answers

Answered by sagarkhundia
2

Answer:

A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee). A demand draft can also be compared to a cheque. ... Demand drafts can only be made payable to a specified party, also known as pay to order.

Answered by Tanvee32
0

Answer:

Hello if u don't know the answer leave it ok no need to waste my time understood.

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