passwella.
Menu

WAEC Commerce 2018 Question 49

Question 49

Banking

Interbank indebtedness is settled at the

  1. A.clearing house
  2. B.money market.
  3. C.discount house.
  4. D.stock exchange.
Show the answer and explanation

Answer: A (clearing house)

Explanation

Banks settle the cheques drawn on one another at the clearing house.