Banking General Awareness Banking System Question Bank Practice Questions - Banking and Banking Structure - Legal Aspects

  • question_answer
    Travellers cheque is

    A)  a supplementary credit card

    B)  a cheque issued by a bank or finance institution which functions as capital

    C)  a certificate issued by a bank or finance institution in lieu of cash

    D)  a cheque issued by a bank or finance institution which functions as a bond

    E)  a prepaid instrument issued by a bank or finance institution which can be substitute of cash

    Correct Answer: E


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