JAMB Accounting 2012 Objective — Question 13

Question 13 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2012 Objective paper, with the correct answer and a full explanation.

In a modern-day banking system, cash transfer cannot be made where the transferor

A. has no sufficient cash with the bankCorrect
B. has no account with the bank
C. does not reside in the bank's country
D. does not possess the domestic currency

Explanation

If there is no sufficient amount in the account, the transfer cannot be made from the account.

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