The drawer of a cheque is the

Economics

WAEC 1988

A. Person who is to be paid the sum of money as written on the cheque
B. Person who takes the cheque to the bank
C. Bank on which the cheque is drawn
D. Person who writes out the cheque
E. Bank official who certifies the payment

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Correct Answer: Option D

Explanation

The drawer is the account owner who issued the cheque (to probably a third party). The bank is the drawee, while the party who is to catch the cheque is the payee.

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The drawer of a cheque is the

Correct Answer: Option D

Explanation

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