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O-LevelCommerceBanking7100/11 · May/June 2010 · Q321 Mark

What is a benefit of using the credit transfer service provided by commercial banks?

AAll outstanding accounts are paid immediately.

BRegular monthly payments will not be forgotten.

CThe current account will never be overdrawn.

DThe customer is able to pay several accounts with one cheque.

✓ Correct answer

D: The customer is able to pay several accounts with one cheque.

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About this question

Topic: Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2010 Paper 1 Variant 1, question 32.

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