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WAEC Commerce 2022 Question 28

Question 28

Banking

A cheque is specially crossed if

  1. A.the name of the account holder is written between two parallel lines drawn across it
  2. B.it could be paid over the counter
  3. C.the name of the bank is written between two parallel lines drawn across it
  4. D.only two parallel lines are drawn across it
Show the answer and explanation

Answer: C (the name of the bank is written between two parallel lines drawn across it)

Explanation

A special crossing names a particular bank between the lines, so only that bank can collect it. Two plain lines is a general crossing.