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WAEC Commerce 2008 Question 25

Question 25

Banking

Information requested from a bank concerning the credit worthiness of a new customer to a business is

  1. A.private enquiry
  2. B.status enquiry
  3. C.general enquiry
  4. D.letter of enquiry.
Show the answer and explanation

Answer: B (status enquiry)

Explanation

A status enquiry asks a bank about a customer's creditworthiness.