A current account holder pays fees for services in form of

Commerce

JAMB 2012

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

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Correct Answer: Option 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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A current account holder pays fees for services in form of

Correct Answer: Option A

Explanation

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