The Difference Between a Cheque and Draft Is That

question 2

Multiple Choice

The difference between a cheque and draft is that

• A)the drawee on a cheque is a bank or financial institution,whereas the drawee of a draft may be a financial institution or bank.
• B)a cheque is a bill of exchange drawn against a bank that is payable on demand,whereas a draft is not payable on demand.
• C)a cheque is a bill of exchange drawn against a person that is payable on demand,whereas a draft is drawn against a financial institution.
• D)a cheque is not a negotiable instrument,whereas a draft is a negotiable instrument.
• E)a cheque is a bill of exchange,whereas a draft is not a bill of exchange.

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Definitions:

Field's Lookup List

A feature in databases where a field is assigned a lookup list, allowing the user to select a value from a predefined set of options instead of typing it.

Dynaset

A dynamic subset of a database that is a result of a query, allowing for data viewing and editing.

Recordset Type

Specifies the kind of recordset (a set of records returned from a database query), influencing how data can be accessed or manipulated.

Query Recordset

In databases, a query recordset represents the set of data records returned by a query executed against a database.