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A cheque drawn by a bank official on the bank's deposits in another bank on...

Commerce
JAMB 2005
A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as?
  • A. promissary note
  • B. bankdraft
  • C. banker's order
  • D. travellers' cheque
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Correct Answer: Option C
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts