WAEC Commerce 2014 Theory — Question 49
Question 49 of 50 from the West African Examinations Council (WAEC) Commerce 2014 Theory paper, with the correct answer and a full explanation.
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The place where bankers meet daily to exchange cheques drawn on each other is known as
- A. capital market
- B. money market
- C. clearing houseCorrect
- D. discount house
Explanation
A clearing house is the place where bankers meet daily to clear cheques drawn against one another.
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