Bank giro is a system where?

A. commercial banks can give loan to all customers.
B. a central bank opens accounts for commercial banks
C. a customer uses a cheque to pay several bills.
D. a customer closes his account by writing a cheque

Correct Answer:

Option C – a customer uses a cheque to pay several bills.

Explanation

Bank giro credits (BGCs) are used by customers to pay cash or cheques into a bank account. They are commonly found in the form of tear-off strips at the bottom of utility, telephone and other regular bills.