◈ Oracle Prep Sign Up Free

O-LevelCommerceBanking7100/12 · Oct/Nov 2020 · Q281 Mark

A bank customer with a current account will

Abe able to make withdrawals on demand.

Bbe certain of being granted an overdraft if required.

Creceive a credit card when the account is opened.

Dreceive a safe deposit box.

✓ Correct answer

A: be able to make withdrawals on demand.

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Banking and see which topics are most likely to come up next.

Sign up free →

About this question

Topic: Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2020 Paper 1 Variant 2, question 28.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Commerce questions

BankingMay/June 20141m

Internet banking is widely used because customers can

BankingMay/June 20141m

What is an advantage of a bank current account?

BankingMay/June 20151m

A cheque that is crossed

Business enterpriseMay/June 20121m

Which factor is most likely to influence a multinational clothing manufacturer in choosing a country for setting up a…

Business enterpriseMay/June 20121m

What is a disadvantage of a franchise to the franchisee?

FinanceMay/June 20121m

Which method of finance is used to finance long-term projects?

← Browse all past-paper questions