Question 19
BankingUse the diagram (a Penny Bank PLC, Lagos Branch cheque dated 5th May 2006: 'Pay Udoka A. O. or Order the sum of Ten Thousand Naira Only', ₦10,000, signed John Uwa) to answer the question. The above document is

- A.foreign bill of exchange
- B.promissory note
- C.money order
- D.cheque
Show the answer and explanation
Answer: D (cheque)
Explanation
It is a written order on a bank to pay a named person: a cheque.