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.
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