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O-LevelCommerceBanking7100/12 · May/June 2014 · Q341 Mark

What is an advantage 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, May/June 2014 Paper 1 Variant 2, question 34.

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