The drawer of a cheque is the

Assessment: WAEC SSCE - Economics - 1988 (Objective) Subject: Economics

Question 1 Report

The drawer of a cheque is the
Answer Details
The drawer of a cheque is the person who writes out the cheque. They are the ones who have the account from which the money is drawn and they are authorizing the payment to the payee, which is usually another person or an organization. The drawer is the one who signs the cheque and writes in the amount of money to be paid, as well as the name of the payee.
Read lesson note on Banking (JAMB)
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