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Another name for a dishonoured cheque is?

Commerce
WAEC 2016

Another name for a dishonoured cheque is?

  • A. an order cheque
  • B. a bounced cheque
  • C. a bearer cheque
  • D. an open cheque
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Correct Answer: Option B
Explanation

A bounced cheque is a term used in the banking industry to indicate that a cheque cannot be honored because insufficient funds are available in the account on which the instrument was drawn.

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