Paper 1 · Banking
A specimen cheque drawn on Standard Chartered Bank by A. Axle, payable to Jim Cobra for $55 000,00 and dated 10 August 2002, carries a crossing marked "BARCLAYS BANK". What does the crossing mean?
AThe cheque must be cashed at Barclays Bank.
BThe cheque was endorsed to Barclays Bank.
CThe cheque was drawn by an account holder of Barclays Bank.
DThe cheque must be paid into an account at Barclays Bank.
ZIMSEC Commerce 7103/01 Paper 1, November 2004, Q22
