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JAMB Commerce 2006 Question 22

Question 22

Banking

A current account is beneficial to its holder as

  1. A.cheques can be issued to anybody
  2. B.customers cannot withdraw frequently
  3. C.it is only the holder that can make withdrawals
  4. D.it allows customers the use of passbooks.
Show the answer and explanation

Answer: A (cheques can be issued to anybody)

Explanation

A current account holder can pay anyone by cheque, which makes payments easy and safe.