GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A banknote is also known as a ____
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Bill
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Paper money
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Simply a note
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All of these
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Explanation:
Detailed explanation-1: -countable noun. Banknotes are pieces of paper money. Synonyms: paper money, greenback [US] More Synonyms of banknote.
Detailed explanation-2: -Paper money is also known as banknotes. A third-party check can easily be cashed or deposited into my account. You should reconcile your bank statements at least once a year. When a check is cashed, the check is said to be truncated.
Detailed explanation-3: -What Is a Banknote? A banknote is a negotiable promissory note which one party can use to pay another party a specific amount of money. A banknote is payable to the bearer on demand, and the amount payable is apparent on the face of the note.
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