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WAEC Commerce 2013 Question 16

Question 16

Banking

To endorse a cheque means to

  1. A.write and sign one's name at the back of the cheque.
  2. B.write "pay cash" on the cheque.
  3. C.cross the cheque.
  4. D.stop the payment of the cheque.
Show the answer and explanation

Answer: A (write and sign one's name at the back of the cheque.)

Explanation

Endorsing is signing on the back of a cheque, usually to transfer it.