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Discussion :: Insurance Awareness

  1. What is PAC?
    2. A.
    Post-Authorized Cheque
    B.
    Pre-Authorized Chequing
    C.
    Process-Authorized Chequing
    D.
    Pre-Authorized Checking

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    Workspace

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    Answer : Option B

    Explanation :

    Pre-Authorized Chequing is an authorization by the insured to allow the Insurance Company to automatically withdrawal their insurance payments from their chequing account.

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