The drawer of a cheque is the
ECONOMICS
WAEC 1998
The drawer of a cheque is the
- A. Person who is to be paid the sum of money as written on the cheque
- B. Person who takes the cheque to the bank
- C. Bank on which the cheque is drawn
- D. Person who writes out the cheque
Correct Answer: D. Person who writes out the cheque
Explanation
The drawer is the account owner who issued the cheque (to probably a third party). The bank is the drawee, while the party who is to catch the cheque is the payee.
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