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WAEC Commerce 2007 Question 38

Question 38

Banking

An open cheque is one

  1. A.on which the amount is written only in figures
  2. B.which has no name
  3. C.which can be cashed over the counter
  4. D.which has no specific amount written on it.
Show the answer and explanation

Answer: C (which can be cashed over the counter)

Explanation

An open (uncrossed) cheque can be cashed over the counter.