Can someone state the answer and why that is the answer.
Question
What is a bank mandate form?
A. This is an instruction to a bank to make a payment direct to a supplier?
B. A list of personnel within a company authorized to sign cheques.
C. Names and specimen signatures of individuals authorized to sign cheques supplied to a bank
D. A request to open a bank account
FIA Forums
Banking
B
Anyone else have an input on this?
The Correct answer is C because a bank Mednate form usually contain the name and signature of a person who is/are authorized for signing cheaques for payments from an organization's side and it will be sent to Bank as a kind of instruction
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