A cheque drawn by a bank official on the bank's deposits in another bank on a cus...
Question
A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as?
Options

The correct answer is C.
Explanation:
A cheque is a written document that instructs a bank to pay a specific amount of money from a customer's account to the person or entity named on the cheque. In this question, we are asked about a specific type of cheque. The question describes a cheque that is drawn by a bank official on the bank's deposits in another bank, but on a customer's instruction.
The correct answer to this question is banker's order. A banker's order is a type of cheque that is drawn by a bank official on the bank's deposits in another bank, but on a customer's instruction. It is also known as a standing order or a bank standing order. A banker's order is a convenient way for a customer to make regular payments, such as monthly rent or mortgage payments.
It is important to note that a promissory note is a written promise to pay a specific amount of money at a future date or on demand. A bankdraft is a cheque that is drawn by one bank on another bank, rather than on the bank's own account. A traveller's cheque is a preprinted cheque that is purchased in advance and used by travelers as a convenient and safe way to carry money while traveling.
In summary, the correct answer to this Commerce question is banker's order, which is a type of cheque that is drawn by a bank official on the bank's deposits in another bank, but on a customer's instruction. To learn more about this, please read the relevant sections of the recommended textbooks.
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