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A current account holder pays fees for services in form of

  • 📑 Past Questions
  • ⌛ Take CBT exam
  • 📟 Referral
  • 🎫 Support
  • 📢 Earnings
Commerce JAMB 2012

A current account holder pays fees for services in form of

  • bank charges checkmark
  • interest rates
  • commission on turnover
  • minimum lending rate

The correct answer is: A

Explanation

The term bank charge covers all charges and fees made by a bank to their customers. The term often relates to charges in respect of personal current accounts or checking account.

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