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O-LevelCommerceBanking7100/11 · Oct/Nov 2018 · Q311 Mark

What is a feature of a bank current account?

Ahigh interest rate is earned on money deposited.

Bminimum amount must be kept in the account.

CAn overdraft may be possible.

DIt is a means of long-term saving.

✓ Correct answer

C: An overdraft may be possible.

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About this question

Topic: Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2018 Paper 1 Variant 1, question 31.

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