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WAEC Commerce 2009 Question 19

Question 19

Banking

The letters R/D on a cheque shows that the cheque is

  1. A.paid
  2. B.dishonoured
  3. C.certified
  4. D.accepted
Show the answer and explanation

Answer: B (dishonoured)

Explanation

R/D means 'refer to drawer': the bank has refused (dishonoured) the cheque.