Multiple choice

A payee’s account crossed cheque in favour of X is presented by bank B to the drawee bank A for payment. The payment can be made in which of the following ways?

  1. In clearing only

  2. In clearing or though transfer only

  3. In clearing, through transfer or cash

  4. It cannot be paid as this will violate the directions of the drawer
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In clearing, through transfer or cash.

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