The order written by the drawer to a commercial bank or central bank to pay on demand a particular sum to a bearer is referred to as

Related MCQs

• A non-negotiable order of a bank to a foreign bank authorizing payment to a person designated of a particular sum of money is known as:
• The demand of a commodity is a direct demand but the demand of a factor of production is called a -
• The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called
• The contract to pay a premium for which the insurer will pay compensation in certain happenings e.g., fire theft or motor accident is termed as:
• The interest due by applying the rate to the sum of the capital invested plus the interest previously earned and reinvested is referred to as
• A commercial bank law creates credit only if it has -
• Which one of the following is not a function of a commercial bank?
• Which of the following policies would be most appropriate for the State Bank of Pakistan to follow if it wished to make it more difficult for the commercial banks to grant loans?
• When there is a change in demand leading to a shift of the Demand Curve to the right, at the same price as before, the quantity demanded will -
• When percentage change in demand for a commodity is less than percentage change in its price, then demand is said to be -