WAEC Commerce 2013 Objective — Question 20
Question 20 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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The use of current account in business is convenient because
- A. withdrawal can be made at any timeCorrect
- B. it deposits earn higher interest
- C. Loans are always available
- D. notices are necessary before withdrawals
Explanation
Current account holders are entitled to loans such as overdraft. Thus, it is the best for business, and withdrawals can be made at any time.
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