Cheques II

Which is an example of a post-dated cheque

• A cheque with today's date

• A cheque with a dated one year from today

• A cheque with yesterday's date

• A cheque with dated one year ago

Which of the following is a stale dated cheque

• A cheque with yesterday's date

• A cheque with tomorrow's date

• A cheque dated one year ago

• A with today's date

You are in the bank today to cash a cheque and you look at the date of the cheque and realize that it has 22/09/24. That cheque is

• Wrong dated

• post dated

• accidentally dated

• stale dated

One of the reasons persons like to use cheques is that

• It is very cumbersome to carry around

• It is easy to carry around

• The paper can tear easily

• It gives you cash on the spot

Some people do not like cheques because

• It takes a long time to obtain the money from it

• The cash is instant

• The colours of the cheques does not suite them

• There are too many pages in the cheque book

If I get robbed and I am carrying around cheques

• The thief will have instant access to cash

• The thief does not get cash and I can avoid them from doing so

• I will lose a lot of money

• My bank account is cleaned out

What's another name for a 'bounced' cheque?

• not good

• bankrupt

• dishonoured

• no money