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WAEC Commerce 2010 Question 18

Question 18

Banking

A cheque issued in January 1997 which the holder failed to present for payment until September 1997 is called a

  1. A.crossed cheque.
  2. B.traveller's cheque.
  3. C.post-dated cheque.
  4. D.stale cheque.
Show the answer and explanation

Answer: D (stale cheque.)

Explanation

A cheque more than six months old is stale.