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State how a credit transfer is used as a means of transferring money through the commercial banks

State how a credit transfer is used as a means of transferring money through the commercial
banks

Answers


Winnie
-One cheque is drawn by customer showing total amount
payable to number of
people
-A list of individual names, their account numbers and total amount
Payable
- The bank then makes payments to individual account
Wincate 1 answered the question on September 21, 2017 at 14:11

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