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Wednesday, 28 October 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 is a system that allows customers to make payments directly through their bank accounts. It can be used to settle several regular bills or payments without making separate cash payments for each one.

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