A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank

Assessment: JAMB UTME - Commerce - 2015 Subject: Commerce

Question 1 Report

A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank
Answer Details
it is an order by the customer requesting the bank to transfer certain amount from the customer’s account to another bank account, so it is a standing order.

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