Banking: Cheque

What are the definition of cheque?

• An instrument drawn on a bank instructing it to pay a certain amount of money to another party

• A place which helps to deal with money

• A system which people can ask for money

Drawer is a person who issue and sign the cheque.

• True

• False

Who is payee?

• The person who sign the cheque

• The person who received the cheque

• Non from the above

The bank which pays on behalf of the drawer. Who are they?

• Client

• Drawer

• Drawee

One of the step to write down the cheque is to fill in the actual date.

• True

• False

There are 4 types of cheque?

• True

• False

Open cheque is

• Cashable at the counter

• a refund money at the counter

Refer to the image, What kind of cheque is this?

• Open cheque

• Crossed cheque

Which are the correct answer

• Crossed cheque can only be paid into bank account

• Crossed cheque, it consists of two parallel lines drawn across its face

• Crossed cheque have to be crossed because to make the cheque safer

• All the above

Dishonored cheque is a cheque which is not cashed or honoured by the bank, is it correct?

• Yes

• No