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  • Directions: State whether the following statement is True...
Multiple choice

Directions: State whether the following statement is True Or False.Demand draft issued by a bank is also known as a bank draft.

  1. True

  2. False

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A Correct answer
Explanation

A demand draft is a negotiable instrument issued by a bank on behalf of a customer, which is payable on demand. It is commonly referred to as a bank draft.

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