In Nigeria, cheques are not money because________

In Nigeria, cheques are not money because________
A. Most Nigerians cannot identity them
B. They are not legal tender
C. There are no banks in rural areas
D. They are not generally acceptable as a medium of exchange
Correct Option: Answer is B
Cheques are not legal tender but are legal documents and their use is governed by the Bills of Exchange Act 1882, and the Cheques Acts of 1957 and 1992.

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