Home » Commerce » The Manager, Afribank, Lagos. Please pay to Great Nigeria Insurance Company, from my account, a…

The Manager, Afribank, Lagos. Please pay to Great Nigeria Insurance Company, from my account, a…

The Manager,
Afribank,
Lagos.
Please pay to Great Nigeria Insurance Company, from my account, a sum of #125.00 at the end of every month until further notice, starting from this month.
The above instruction is a
  • A.
    bill of exchange
  • B.
    certified cheque
  • C.
    promissory note
  • D.
    standing order
  • E.
    letter of credit
Correct Answer: Option D
Explanation