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Question Three It is a criminal offence to issue a dud cheque in Ghana. a....

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Accounting

Question Three

It is a criminal offence to issue a dud cheque in Ghana.

a. On the basis of your knowledge in finance and banking, describe briefly the main reason for the criminalisation of the act of issuing dud cheques.

b. What are the general obligations of universal banks in handling of dud cheques?

c. Discuss the sanctions associated with issue of dud cheques.

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