47. A cheque returned by bank marked “NSF” means that

Bank can’t verify your identity
There are not sufficient funds in your account
Cheque has been forged
Cheque can’t be cashed being illegal
✅ The correct answer is B.
A cheque returned by bank marked “NSF” means that There are not sufficient funds in your account. Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a cheque cannot be honored because insufficient funds are available in the account on which the instrument was drawn.

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