JAMB Commerce 2008 Objective — Question 27

Question 27 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2008 Objective paper, with the correct answer and a full explanation.

27. A crossed cheque with the inscription 'not negotiable' must be paid into the

A. current account of the drawer
B. current account of the payeeCorrect
C. savings account of the payee
D. fixed account of the payee

Explanation

A crossed cheque marked 'not negotiable' must be paid into the current account of the payee.

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