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

False

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True

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Solution

The correct option is B
True

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

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Similar questions

State True or False. A crossed cheque can be crossed over the entire cheque or on the top right corner of it.

State True or False. If the bearer cheque gets stolen, even an outsider can take advantage of the situation and steal the person's money.

The cheque performs functions that are different from that of money. State true or false.

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