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Bank Giro is a method of settling debt from a

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Commerce JAMB 2001

Bank Giro is a method of settling debt from a

  • customer to a bank
  • bank to customer
  • customer to another checkmark
  • bank to another

The correct answer is: C

Explanation

A Bank Giro is a method of transferring funds from one customer to another, often within the same bank or across different banks. It's a payment transfer system that allows customers to settle debts by directly transferring money from their bank account to the recipient's account, facilitating easy and efficient fund transfers.

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