A 'crossed cheque' must be:
APaid only into a bank account, not over the counterCORRECT
BPaid in cash only
CEndorsed by two directors
DDrawn in foreign currency
CIBNBanking Principles
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Why the answer is A, and why the others tempt you.
Two parallel lines on a cheque restrict payment to the payee's bank account; it cannot be cashed at the counter.
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