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O-LevelCommerceBanking7100/12 · May/June 2015 · Q341 Mark

Why would a business use an Internet bank account?

Ato obtain cash using an ATM
Bto pay in cash and cheques received
Cto seek advice on investments
Dto set up direct debits and standing orders

✓ Correct answer

D: to set up direct debits and standing orders

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About this question

Topic
Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2015 Paper 1 Variant 2, question 34.

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