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Discussion :: Banking Awareness

  1. A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:

    2. A.

     Note caution and will advice the payee to contact purchaser of the draft
    B.

     Not act on the request
    C.

     Stop payment
    D.

     Performs no action

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    Answer : Option A

    Explanation :

    Explanation Not Provided

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