◈ Oracle Prep Sign Up Free

O-LevelCommerceBanking7100/11 · Oct/Nov 2014 · Q331 Mark

Why might a bank manager wish to see a company's accounts before deciding whether or not to grant a loan?

Ato check the amount of security against the loan that the company can offer

Bto find out if the accounts are accurate

Cto make sure that the company has paid tax

Dto see the number of shareholders the company has

✓ Correct answer

A: to check the amount of security against the loan that the company can offer

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, Oct/Nov 2014 Paper 1 Variant 1, question 33.

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 20111m

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

BankingMay/June 20111m

Why has the use of debit cards as means of payment increased in many countries?

BankingMay/June 201120m

AG Services is a company specialising in refuse collection and recycling.

CommunicationsMay/June 20111m

Two groups of people are linked by telephone for a meeting. What is this method of communication called?

TransportMay/June 20111m

Which are the two most suitable forms of transport for carrying flowers from a farm in Kenya to a shop in Paris?

WarehousingMay/June 20111m

What happens for each extra day that goods are kept in a warehouse?

← Browse all past-paper questions