◈ Oracle Prep Sign Up Free

O-LevelCommerceBanking7100/12 · Oct/Nov 2025 · Q301 Mark

Paul has $760 in his bank account. On the same day he has a direct debit payment of $80, he spends $30 using his mobile wallet and withdraws $60 from an ATM. What balance will Paul have in his bank account at the end of the day?

A$170

B$590

C$650

D$750

✓ Correct answer

B: $590

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 2025 Paper 1 Variant 2, question 30.

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 20151m

A cheque that is crossed

BankingMay/June 20151m

Sanjay purchased a washing machine from Coolray Ltd. He paid the full amount online through the company's website. Wh…

BankingMay/June 20151m

Why would a business use an Internet bank account?

FinanceMay/June 20121m

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

Retail tradeMay/June 20121m

A supermarket chain wishes to increase its sales of butter. Which action would be best?

FinanceMay/June 201220m

During May, a fruit and vegetable shop has a turnover of $50000. The mark-up is 25% on purchases made mostly from who…

← Browse all past-paper questions