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Use the diagram to answer the question The two lines on the instrument shows that it...

Commerce
WAEC 2023

Use the diagram to answer the question


The two lines on the instrument shows that it is

  • A. altered
  • B. crossed
  • C. cancelled
  • D. paid
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Correct Answer: Option B
Explanation

Crossed cheque is a cheque having two parallel lines drawn across the its face. It cannot be cashed at the counter; it must be paid into a current account.


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Join your school's WhatsApp group
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789