JAMB Commerce 2009 Objective — Question 17

Question 17 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2009 Objective paper, with the correct answer and a full explanation.

17. One of the facilities enjoyed by a current account holder is

A. a dividend
B. a bonus
C. an overdraftCorrect
D. interest on deposits

Explanation

A current account holder can withdraw above his/her credit balance up to a certain amount as stipulated by the bank (overdraft).

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2009 Objective More Commerce past papers