◈ Oracle Prep Sign Up Free

O-LevelCommerceBanking7100/11 · May/June 2011 · Q321 Mark

The bank credit transfer system allows firms to

Adeposit money when banks are closed.

Bobtain cash when banks are closed.

Cpay several bills with one cheque for the total amount.

Draise loans to purchase equipment.

✓ Correct answer

C: pay several bills with one cheque for the total amount.

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, May/June 2011 Paper 1 Variant 1, question 32.

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 20101m

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

BankingMay/June 20101m

Telephone banking is used by customers who do not wish to visit their bank in person. Which service can customers re…

BankingMay/June 20111m

A bank will provide finance to an exporter of goods to cover the time between despatch of the goods and receipt of pa…

Retail tradeMay/June 201420m

Fashion Watches Ltd owns several shops that sell imported watches.

ProductionMay/June 20151m

Specialisation within a firm results in

ProductionMay/June 20151m

"Commercial services and direct services are interrelated." Which example illustrates this statement?

← Browse all past-paper questions