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In which situation would a banker's draft be used?

A. When a person is traveling in another country and does not want
to carry a lot of cash

B. When a buyer doesn't want to wait for the seller to confirm that
funds exist in an account

C. When a buyer wants to purchase a large number of items at once and wants the seller to have quick access to funds

D. When the person making the payment wants money to be
available in the receiving bank's account

Respuesta :

Banker's draft can be used when the person making the payment wants money to be

available in the receiving bank's account.

What is bank draft?

Banker's draft is a a form of cheque that is given to a customer at the bank either for a purchase payment.

It can also be brought to another bank for remittance, it serves as evidence for transactions.

Therefore, a banker draft can be used when the person making the payment wants money to be

available in the receiving bank's account.

Learn more on bank's draft here,

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