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JAMB Commerce 2011 Question 20

Question 20

Banking

A cheque that has been drawn but not presented for payment can still be honoured

  1. A.within 6 months
  2. B.after 9 months
  3. C.within 9 months
  4. D.after 6 months.
Show the answer and explanation

Answer: A (within 6 months)

Explanation

A cheque becomes stale six months after its date, so it can be paid only within six months.