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WAEC Commerce 2023 Question 22

Question 22

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 will not be valid on

Diagram for this question
  1. A.October 25, 2023
  2. B.September 25, 2023.
  3. C.July 25, 2023.
  4. D.June 25, 2023
Show the answer and explanation

Answer: A (October 25, 2023)

Explanation

A cheque becomes stale six months after its date. Dated 24 April 2023, it is valid until 24 October 2023, so on 25 October 2023 it is no longer valid.