In Nigeria, cheques are not money because?

In Nigeria, cheques are not money because?
  • A.
    their use is confined to business houses
  • B.
    there are no banks in rular areas
  • C.
    they are not legal tender
  • D.
    they are not generally acceptable as a medium of exchange
  • E.
    most Nigerians cannot identify them
Correct Answer: Option C
Explanation
You May Also Like