___cheque is a cheque which is payable to any person who presents it for payment at the bank counter.

Bearer cheque

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Crossed cheque

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Demand Draft

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None of the above

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Solution

The correct option is A
Bearer cheque

Bearer cheque is a cheque which is payable to any person who presents it for payment at the bank counter.

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Similar questions

State True or False. Crossed cheque provides a level of security to the payer than a bearer cheque.

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