Concept:Credit transfer enables a debtor to pay several beneficiaries at once using a single cheque or bank instruction.
Explanation:A credit transfer is a banking arrangement where the customer instructs his bank to debit his account and credit the accounts of different people.
The customer issues only one cheque for the total amount and provides a list of payees with their respective amounts.
The bank then transfers the specified sums to each payee's account.
Therefore, payments to many people can be completed with one single cheque.
The other options do not offer this facility.
A debit transfer is an order authorising payment from one's account to a specific account.
A certified cheque is only a single cheque whose payment is guaranteed by the bank.
A bank draft is drawn by one bank on another bank and is usually for a single beneficiary.
Answer:D. credit transfer.