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Question
______ is a person to whom the amount of a cheque is payable.
Options
Drawer
Drawee
Payee
Customer
MCQ
Fill in the Blanks
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Solution
Payee is a person to whom the amount of a cheque is payable.
Explanation:
The payee is the individual or entity that receives the funds when the cheque is presented for payment. The drawer is the one who writes and signs the cheque, ordering the bank to pay the specified amount to the payee.
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