A customer requests for issue of a bearer demand draft.The banker should
A) strike off the word 'order' and should put the word 'bearer' on the draft
B) request the customer to go to the head office
C) refuse to issue the draft
D) none of the above
Correct Answer:
Verified
Q8: Pay order is issued by the banks
Q9: Certificate of Deposit cannot be issued by
A)scheduled
Q10: The recurring deposit account combine the characteristics
Q11: The drawee banker of a demand draft
Q12: …………..is always drawn on a specified banker.
A)bill
Q14: A and B have jointly hired a
Q15: Pay order is issued by the banks
Q16: When a banker collects a cheque for
Q17: Merchant banking includes
A)managing issue of shares
B)opening branches
Q18: In case of ………….days of grace are
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