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

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

Quizplus · Accepted Answer

The bank on which a cheque is drawn is called the drawee bank. This is the bank where the account holder has an account and from which they are writing the cheque.

The Bank on Which a Cheque Is Drawn Is Called