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WAEC Commerce 2015 Question 31

Question 31

Banking

A cheque made payable to a named person is

  1. A.a crossed cheque.
  2. B.a certified cheque.
  3. C.an order cheque.
  4. D.a confirmed cheque.
Show the answer and explanation

Answer: C (an order cheque.)

Explanation

An order cheque is payable to a named payee or to his order.