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Bank Giro is a method of settling debt from a

Commerce
JAMB 2001

Bank Giro is a method of settling debt from a

  • A. customer to a bank
  • B. bank to customer
  • C. customer to another
  • D. bank to another
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Correct Answer: Option C
Explanation

A Bank Giro is a method of transferring funds from one customer to another, often within the same bank or across different banks. It's a payment transfer system that allows customers to settle debts by directly transferring money from their bank account to the recipient's account, facilitating easy and efficient fund transfers.


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