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Which of the following means of payment makes the bank both the drawer and drawee

Which of the following means of payment makes the bank both the drawer and drawee
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Standing order
  • B Bill of exchange
  • C Bank draft
  • D Open cheque
Correct Answer: Option C
Explanation:
A bank draft is a cheque drawn by a bank on its own funds.

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