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:

Related MCQs

• 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
• The proportion of a sum of money that is paid over a specified time period in payment for its loan is called:
• A sum of money or other property owed by one person or organization to another is called
• The borrowing of a sum of money by one person, company, government or other organization from another is called:
• If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should -
• "Bad money will drive out good money from circulation." This is known as :
• Investment in the foreign operations of a company through acquisition of a foreign operation, or establishment of a new site is called:
• A legal document between a lender and a borrower whereby the later agrees to certain conditions for the repayment of the sum of money borrowed; is called:
• The accumulation of idle money balances or inactive money is called:
• Sums of money laid aside and normally invested to provide a regular income on retirement or in compensation for disablement for the remainder of a person’s life is called: