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JAMB Commerce 2009 Objective — Question 13

Question 13 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2009 Objective paper, with the correct answer and a full explanation.

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13. A cheque which a bank draws on its own funds is a

  • A. bank draftCorrect
  • B. cashier's cheque
  • C. bank cheque
  • D. crossed cheque

Explanation

A bank draft is a cheque a bank draws on itself in the name of the beneficiary.

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