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Thursday, 23 April 2026
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Bank giro is a system where?

Bank giro is a system where?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • 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
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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