Commerce WAEC

Another name for a dishonoured cheque is?

A. an order cheque
B. a bounced cheque
C. a bearer cheque
D. an open cheque

Correct Answer: Option B

B. a bounced cheque

Explanation

A bounced cheque is a term used in the banking industry to indicate that a cheque cannot be honored because insufficient funds are available in the account on which the instrument was drawn.

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