Commercial Applications
An …………… is a cheque which is payable across the counter of the bank.
- Open cheque
- Pay-in slip
- Crossed cheque
- Bank draft
Banking
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Answer
Open cheque
Reason — An open cheque (also called a bearer or uncrossed cheque) is one which is payable in cash across the counter of the bank to the bearer or to the person named in it. A crossed cheque, in contrast, can only be paid into the payee's bank account. A pay-in-slip is used to deposit money, and a bank draft is a banker's cheque (always paid into a bank account).
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