Business Studies, asked by dhrumivaghela7, 5 months ago

which facility of bank can be used against the risk of cash in traveling ​

Answers

Answered by ayushiparekh
4

Answer:

traveler's cheque

This facility helps a traveller to maintain saftey for taking cash along with them. They obtain a traveller's cheque from a particular bank and when they reach to their destination they can withdraw cash from a foregin bank by completing required formalities . So the risk of taking cash is reduced

Answered by FilmyKudi
1

Answer:

It offers a safe way to travel overseas without cash. The issuing party, usually a bank, provides security against lost or stolen checks. Beginning in the late 1980s, traveler's checks have increasingly been supplanted by credit and prepaid debit cards.

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