Topic: Types of Accounts and Banking Services

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  • 20 Marks

EOB – APR 2024 – L1 – Q5 – Reasons for Dishonour of Cheques and Duties of Banks to Customers

List ten legitimate reasons for returning or dishonouring cheques; explain five duties a bank owes to its customers.

a. Various legitimate reasons account for the return or dishonour of cheques by banks. List any ten (10) of them. (10 marks)

b. Explain any five (5) duties a bank owes to its customers. (10 marks)

(Total: 20 marks)

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  • 20 Marks

EOB – APR 2024 – L1 – Q5 – Reasons for Dishonour of Cheques and Duties of Banks to Customers

List ten legitimate reasons for returning or dishonouring cheques; explain five duties a bank owes to its customers.

a. Various legitimate reasons account for the return or dishonour of cheques by banks. List any ten (10) of them. (10 marks)

b. Explain any five (5) duties a bank owes to its customers. (10 marks)

(Total: 20 marks)

Login or create a free account to see answers

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Find Related Questions by Tags, levels, etc.

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You're reporting an error for "EOB – APR 2024 – L1 – Q5 – Reasons for Dishonour of Cheques and Duties of Banks to Customers"

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