JAMB Commerce 2012 Objective — Question 16

Question 16 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2012 Objective paper, with the correct answer and a full explanation.

A current account holder pays fees for services in form of

A. bank chargesCorrect
B. interest rates
C. commission on turnover
D. minimum lending rate

Explanation

Bank charges is the amount the bank charges the holder of current account periodically for activities on the account.

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