Multiple choice general knowledge

A cheque containing certification that the person who issued the cheque has sufficient funds on deposit to cover payment

  1. Crossed Cheque

  2. Lending Cheque

  3. Certified Cheque

  4. Due Cheque
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A Certified Cheque is a cheque for which the bank certifies that the drawer has sufficient funds in their account to cover the payment. The bank sets aside these funds when certifying, guaranteeing the cheque will not bounce. This is different from crossed cheques (which have two parallel lines for security) or other types.

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