JAMB Commerce 2012 Objective — Question 13

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

Which of the following is a characteristic of a bearer cheque? It is

A. made with transverse lines
B. made payable to whoever presents itCorrect
C. made Without transverse lines
D. only payable into the payee's account

Explanation

A bearer cheque is a cheque payable to whoever present it for payment at the bank.

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