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    Question

    The process of converting a physical cheque into an

    electronic image for faster processing is called:
    A Cheque Truncation Correct Answer Incorrect Answer
    B Cheque Clearing Correct Answer Incorrect Answer
    C Cheque Endorsement Correct Answer Incorrect Answer
    D Cheque Dishonour Correct Answer Incorrect Answer

    Solution

    Cheque Truncation System (CTS) stops the physical movement of the cheque and uses its electronic image for the clearing process, making it faster and more secure.

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