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WorksheetsBanking: Cheque
Total questions: 12
Worksheet time: 8mins
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
Dishonored cheque can be because of sufficient amount money in the bank. Correct?
Yes
No
What are the advantages of cheque? Give 2 answers only.
(a)
