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WAEC Commerce 2024 Question 31

Question 31

Banking

A cheque that bears a date later than the current date is a

  1. A.stale cheque.
  2. B.post-dated cheque.
  3. C.dishonoured cheque.
  4. D.certified cheque.
Show the answer and explanation

Answer: B (post-dated cheque.)

Explanation

A post-dated cheque carries a future date and cannot be paid before that date.