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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995

A cheque that is payable to whoever presents it is known as______

Commerce
JAMB 2019

A cheque that is payable to whoever presents it is known as______

  • A. order cheque
  • B. open cheque
  • C. crossed cheque
  • D. bearer cheque
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Correct Answer: Option D
Explanation

Bearer cheque is payable to the bearer i.e whoever presents it. It is cashed over the counter without having to be endorsed by the person presenting it.


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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free