Question

--- is a bill of exchange, drawn on a specific bank and payable on demand.

• A. Promissory Note
• B. Certificate of Deposit
• C. Banker's Acceptance
• D. Cheque

Answer 1

Answer:

D. Cheque

Cheque:

• Cheque is a bill of exchange, drawn on a specific Bank payable on demand 

• Sec 6A : Electronic Cheque 

• Sec 6B : Truncated cheque. 

• Electronic form