JAMB Commerce 2019 Objective — Question 34
Question 34 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2019 Objective paper, with the correct answer and a full explanation.
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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 which a bank draws on itself, in the name of the beneficiary written on it.
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