Economy, asked by harmeet6031, 11 months ago

What do you mean by traveler cheque facility ?

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Answered by Anonymous

Answer:

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.

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Answered by Anonymous

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A traveler's cheque is a medium of exchange that can be used in place of hard currency. ... They are generally used by people on vacation in foreign countries instead of cash, as many businesses used to accept traveler's cheques as currency. $<marquee>♥mark as brainliest..✌♥</marquee>$

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