Bank giro is a system where?
- commercial banks can give loan to all customers.
- a central bank opens accounts for commercial banks
-
a customer uses a cheque to pay several bills.
- a customer closes his account by writing a cheque
The correct answer is: C
Explanation
Bank giro credits (BGCs) are used by customers to pay cash or cheques into a bank account. They are commonly found in the form of tear-off strips at the bottom of utility, telephone and other regular bills.