IBSL Diploma In Banking And Finance (DBF) Exam Practice Questions - IBSL Diploma In Banking And Finance (DBF) Exam

What is the primary purpose of 'crossing a cheque'?

To make it payable only at a specific branch of the bank. To ensure that the payment can only be credited to a bank account, not cashed over the counter. To increase the amount payable on the cheque. To extend the validity period of the cheque.

Correct Answer:

To ensure that the payment can only be credited to a bank account, not cashed over the counter.

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