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3001
Which of the following is NOT true of a cheque as a means of payment? It
  • A. can be made out of a definite payee
  • B. is generally acceptable
  • C. is safer than carrying cash
  • D. is transferable
  • E. serves as a proof of payment
View Answer & Discuss NECO 2007
3002
Which of the following is NOT true of a cheque as a means of payment? It
  • A. can be made out of a definite payee
  • B. is generally acceptable
  • C. is safer than carrying cash
  • D. is transferable
  • E. serves as a proof of payment
View Answer & Discuss NECO 2007
3003
From the date of issue, cheques are valid for-----------months.
  • A. 3
  • B. 4
  • C. 5
  • D. 6
  • E. 9
View Answer & Discuss (1) NECO 2007
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3004
An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ……….
  • A. accident
  • B. endowment
  • C. fire
  • D. fidelity
  • E. whole life
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3005
“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of
  • A. advertising
  • B. credit to customers
  • C. customer service
  • D. sales promotion
  • E. trade discount
View Answer & Discuss NECO 2007
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