The payees name is written on the cheque is called-----------.
A)Multivalued cheque
B)Open cheque
C)Crossed cheque
D)Order cheque

Question

Quizplus · Accepted Answer

The payee's name written on a cheque, indicating that the cheque is to be paid specifically to the person or entity named, is referred to as an "Order cheque." This contrasts with a bearer cheque, which is payable to whoever holds the cheque at the time of presentation for payment.

The Payees Name Is Written on the Cheque Is Called-----------