The Difference Between a Cheque and Draft Is That

question 5

Multiple Choice

The difference between a cheque and draft is that

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

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Definitions:

DNA Molecules

The fundamental and distinctive characteristics of organisms, encoded in long chains of nucleotides arranged in a double helix.

Cloning

The process of creating genetically identical copies of biological material, including genes, cells, or whole organisms.

Introns

Introns are non-coding sequences within a gene that are removed by RNA splicing during maturation of the final mRNA molecule.

Mature mRNA

The final form of messenger RNA (mRNA) after processing, ready for translation into a protein in the cytoplasm.