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Question

is a document which instructs a bank to pay a certain sum to a third party.

A
Banker's cheque
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B
Overdraft
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C
Bank slip
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D
Debit card
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Solution

The correct option is A Banker's cheque
Banker's cheque is a document which instructs a bank to pay a certain sum to a third party. A normal cheque represents an instruction to transfer a sum of money from the drawer's account to the payee's account.

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