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WAEC Commerce 2014 Question 37

Question 37

Banking

A cheque bearing a date showing that it was issued more than six months ago is termed a

  1. A.blank cheque.
  2. B.bearer cheque.
  3. C.stale cheque.
  4. D.order cheque.
Show the answer and explanation

Answer: C (stale cheque.)

Explanation

A cheque more than six months old is stale.