JAMB Commerce 2007 Objective — Question 47

Question 47 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.

Which of the following requires payment into the payee's account?

A. Traveller's cheque
B. crossed chequeCorrect
C. certified cheque
D. open cheque

Explanation

A crossed cheque can only be paid into the bank account of the named payee (bearer), not cashed directly over the counter.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2007 Objective More Commerce past papers