Question

the document which can be used only for making local payment?
​ a. A cheque.
b. A bill of exchange.
c. A draft.
d. A banker's cheque. ​

Answer 1

d. A banker's cheque is the document which can be used only for making local payment.

• In simple words, a banker's cheque is a cheque written by the bank as we provide them with the said money.
• The money is sent to the person or account we want by the banker's cheque.
• The banker's cheque will only work for that specified bank hence the correct option is d. a banker's cheque.
• Other options, such as a cheque, is not correct as a cheque can be used at other banks also.

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