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What is cheque trauncation
Question
Asked 2/20/2013 12:24:02 PM
Updated 111 days ago|6/3/2018 2:39:53 PM
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This conversation has been flagged as incorrect.
Flagged by alfred123 [6/3/2018 2:39:45 PM]
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User: What is cheque trauncation

Weegy: The Central Bank of Nigeria (CBN) has said the planned cheque truncation regime in the economy would ensure that cheques clear on two
coleen177|Points 70|

Question
Asked 2/20/2013 12:24:02 PM
Updated 111 days ago|6/3/2018 2:39:53 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by alfred123 [6/3/2018 2:39:45 PM]
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Cheque truncation (check truncation in American English) is the conversion of a physical cheque into a substitute electronic form for transmission to the paying bank.
Added 111 days ago|6/3/2018 2:39:53 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [6/3/2018 5:15:23 PM], yumdrea [6/3/2018 5:15:23 PM]
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