WAEC Commerce 2023 Question 20

Question 20

Banking

Use the diagram below to answer questions 20 to 22.
[Figure: a crossed cheque on Mawoolu Bank, Banjul, dated 24-04-23, Pay Kaslim Olatosu or order, D200,000, Two hundred thousand dalasis only]
The instrument in the diagram is a

A.warrant
B.money order
C.cheque
D.deposit slip.

Show the answer and explanation

Answer: C (cheque)

Explanation

It is an order to a bank (Mawoolu Bank) to pay a named person a sum of money: a cheque.