Banking and Cheques

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ResilientObsidian
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6 Questions

Which service do banks provide to account holders?

Cheque pads

Who can draw cheques from the bank to pay money?

Account holders

What happens after formal verification and official procedures for cheques?

Cheques are paid to customers

Which of the following is a service provided by banks to account holders?

Providing cheque pads

When do banks pay for the cheques to customers?

After formal verification and official procedures

What do account holders do with the cheques provided by banks?

Exchange them for cash

Test your knowledge of banking and cheques with this quiz! Learn about how banks provide cheque pads to account holders, and how account holders can draw cheques to pay money. Discover the formal verification and official procedures involved when banks pay for cheques to customers.

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