WAEC Commerce 2015 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following means of payment makes the bank both the drawer and drawee?
- A. standing order
- B. Bill of exchange
- C. Bank draftCorrect
- D. Open cheque
Explanation
When a bank issues a bank draft, it becomes the drawer and drawee.
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