In a modern day banking system, cash transfer cannot be made where the transferor

Home » Past Questions » Accounts-principles-of-accounts » Jamb » 2012 » In a modern day banking system, cash transfer cannot be made where the transferor
Accounts - Principles of Accounts JAMB 2012

In a modern day banking system, cash transfer cannot be made where the transferor

  • has no sufficient cash with the bank checkmark
  • has no account with the bank
  • does not reside in the bank's country
  • does not possess the domestic currency

The correct answer is: A

Explanation

You can't transfer money when you do not not have sufficient amount of money on the account.

Previous Question Next Question

Leave A Comment