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BECE Business Studies 2023 Objective — Question 30

Question 30 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2023 Objective paper, with the correct answer and a full explanation.

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An account in which money is kept for a specified period of time before withdrawal can be made is ______ account.

  • A. capital
  • B. current
  • C. fixed depositCorrect
  • D. profit and loss
  • E. savings

Explanation

A fixed deposit account holds money for a fixed period.

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