A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank
-
A.
Bank draft -
B.
Bankers’ order -
C.
Promissory note -
D.
Travelers cheque
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.