WAEC Commerce 2008 Question 41

Question 41

Banking

If a customer opens a deposit account with a bank, he will

  1. A.receive a crossed cheque book
  2. B.be given a tally
  3. C.be given a loan
  4. D.receive interest.
Show the answer and explanation

Answer: D (receive interest.)

Explanation

Deposit (savings/time) accounts earn interest.