WAEC Commerce 2015 Objective — Question 20
Question 20 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
Advertisement
A cheque which the bank refused to pay because the drawer had insufficient funds in his account is a
- A. bounced chequeCorrect
- B. a bearer cheque
- C. a crossed cheque
- D. an order cheque
Explanation
Bounced cheque and dishonoured cheque mean almost the same: if a cheque is dishonoured because of insufficient fund, such cheque is bounced.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.