Bill writes Nick a cheque for $500 on his account at the Friendly Bank. Bill is the _______ and Nick is the __________ and the Friendly Bank is the ______________.

Question

Quizplus · Accepted Answer

In a cheque transaction, the drawer is the person who writes the cheque (Bill), the payee is the person to whom the cheque is written (Nick), and the drawee is the bank on which the cheque is drawn (Friendly Bank).

Bill Writes Nick a Cheque for $500 on His Account