The bank on which a cheque is drawn is called
A)the accepting bank.
B)the certifying bank.
C)the promissory note bank.
D)the drawee bank.
E)the drawer bank.

Question

Quizplus · Accepted Answer

The bank on which a cheque is drawn is known as the drawee bank. This is because the bank is the one that is being instructed to pay the amount written on the cheque to the person or entity that is presenting it.

The Bank on Which a Cheque Is Drawn Is Called