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O-LevelCommerceBankingOct/Nov 2019Paper 2 Q313 Marks

Fig. 3.1 shows part of an internet banking statement for Sam Jacobs. STATEMENT 80-29-47 25749813 Opening balance $1700.00 Overdraft limit $50.00 Make a payment Make a transfer Date Transaction In ($) Out ($) 2 October Rent (SO) 400.00 3 October Electricity (DD) 70.00 4 October Cash 150.00 25 October Salary 1600.00 28 October Car Sales Ltd 3000.00 31 October Closing balance -$20.00 OD Fig. 3.1 Internet banking statement Use Fig. 3.1 to help you answer the following questions.

✓ Correct Answer

The correct answer is . This question tests the candidate's understanding of banking within the Commercesyllabus. The examiner's mark scheme requires...

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

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About This O-Level Commerce Question

This structured question appeared in the Cambridge O-Level Commerce (7100) Oct/Nov 2019 examination, Paper 2 Variant 2. It tests the topic of Banking and is worth 13 marks.

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