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WAEC Commerce 2020 Question 32

Question 32

Banking

A cheque that could be cashed over the counter by the payee is

  1. A.certified cheque.
  2. B.crossed cheque.
  3. C.open cheque.
  4. D.bank draft.
Show the answer and explanation

Answer: C (open cheque.)

Explanation

An open (uncrossed) cheque can be cashed at the bank counter; a crossed cheque must be paid into an account.