The standing order is a payment instruction given by a?
FINANCIAL
JAMB 2009
The standing order is a payment instruction given by a?
- A. customer to the bank
- B. bank to the customer
- C. bank to an employee
- D. customer to a fellow customer
Correct Answer: A. customer to the bank
Explanation
Standing order is an instruction to a bank by an account holder or customer to make regular fixed payments to a particular person or organization on their behalf.
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