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JAMB Commerce 2017 Paper
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© africaexams.com
Question : 26
Total: 50
Another name or term for a dishonoured cheque is ______
an order cheque
a bounced cheque
a bearer cheque
an open cheque
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Solution:
A cheque is said to be bounced if the cheque is being rejected or dishonoured by the bank. Another name for dishonoured cheque is a bounced cheque
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