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What is a travellers cheque?

In: Personal Finance, Banking [Edit categories]

Answer:

They are cheques purchased for travelling abroad which can be spent like money in many places around the world. However, if lost or stolen they can be replaced by the company which issued them, unlike money.

First answer by Er3Jen. Last edit by Er3Jen. Contributor trust: 335 [recommend contributor ]. Question popularity: 2 [recommend question].

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