WAEC Commerce 2018 Objective — Question 49
Question 49 of 50 from the West African Examinations Council (WAEC) Commerce 2018 Objective paper, with the correct answer and a full explanation.
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Interbank indebtedness is settled at the
- A. clearing houseCorrect
- B. money market
- C. discount house
- D. stock exchange
Explanation
Interbank indebtedness (arising from cheque clearing between banks) is settled at the clearing house.
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