Question

the bank issues a financial instrument with the help of which money can be sent from one place to another identify this instrument ​

Answer 1

Explanation:

Financial instruments may be divided into two types: cash instruments and derivative instruments.

Cash Instruments.

Derivative Instruments.

Debt-Based Financial Instruments.

Equity-Based Financial Instruments.

Financial instruments are monetary contracts between parties. ... International Accounting Standards IAS 32 and 39 define a financial instrument as "any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity".

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Answer 2

Answer:

Bank draft

Explanation:

The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.