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O-LevelCommerceBanking7100/12 · May/June 2018 · Q301 Mark

What is a direct debit?

Amethod by which a bank charges a current account holder for its services

Bmoney taken automatically by a creditor from a current account

Cpayment of several bills with one cheque for the total amount

Dthe bank's own cheque paid on behalf of a customer

✓ Correct answer

B: money taken automatically by a creditor from a current account

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About this question

Topic: Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2018 Paper 1 Variant 2, question 30.

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