A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank
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Correct Answer: Option B
Explanation:
it is an order by the customer requesting the bank to transfer certain amount from the customer’s account to another bank account, so it is a standing order.
it is an order by the customer requesting the bank to transfer certain amount from the customer’s account to another bank account, so it is a standing order.