Concept:A bearer cheque is one that can be cashed by any person who holds and presents it.Explanation:The word “bearer” means the person who carries or presents the cheque.Therefore, a bearer cheque does not name a specific payee.It is made payable to whoever presents it at the bank.No endorsement is required for payment.Thus, the correct option is the one that matches this meaning.Answer:Option B. It is made payable to whoever presents it.