Banking and Cheques
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Questions and Answers

Which service do banks provide to account holders?

  • Loans
  • Cheque pads (correct)
  • Credit cards
  • Insurance policies

    • Who can draw cheques from the bank to pay money?

  • Government officials
  • Account holders (correct)
  • Business owners
  • Bank employees

    • What happens after formal verification and official procedures for cheques?

  • Cheques are returned to the account holder
  • Cheques are sent to the government
  • Cheques are destroyed
  • Cheques are paid to customers (correct)

    • Which of the following is a service provided by banks to account holders?

    <p>Providing cheque pads</p> Signup and view all the answers

    When do banks pay for the cheques to customers?

    <p>After formal verification and official procedures</p> Signup and view all the answers

    What do account holders do with the cheques provided by banks?

    <p>Exchange them for cash</p> Signup and view all the answers

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