Score High in JAMB With EduPadi CBT App

Practice JAMB CBT, get instant results, and understand solutions in-depth with smart AI insights.

Learn more…

Current accounts - SS2 Commerce Past Questions and Answers - page 1

1

What type of account is designed for day-to-day financial transactions?

 

View related lesson
A

Savings account

 

B

Fixed deposit account

 

C

Current account

 

Ask EduPadi AI for a detailed answer

Share this question

2

Which of the following is required to open a current account?

 

View related lesson
A

Valid identification documents

 

B

Proof of address

 

C

All of the above

 

Ask EduPadi AI for a detailed answer

Share this question

3

What does the bank consider when granting a loan?

 

View related lesson
A

Credit history

 

B

Income and employment stability

 

C

All of the above

 

Ask EduPadi AI for a detailed answer

Share this question

4

What can be used as collateral for a loan?

 

View related lesson
A

Vehicles

B

Property 

C

All of the above

 

Ask EduPadi AI for a detailed answer

Share this question

5

What does the bank evaluate when determining loan repayment capacity?

 

View related lesson
A

Credit history 

B

Financial statements 

C

All of the above

 

Ask EduPadi AI for a detailed answer

Share this question

6

What is the primary purpose of a current account?

 

View related lesson
Ask EduPadi AI for a detailed answer

Share this question

7

Why does a bank manager consider credit history when granting a loan?

 

View related lesson
Ask EduPadi AI for a detailed answer

Share this question

Share this page

Learn real coding skills with Arinze Anakor — join him at zestmade.com and connect with him on X (formerly Twitter) for hands-on coding classes and practical learning.

Courses

SS1SS2SS3JAMBWAECJSS1JSS2JSS3

Featured Posts

137 Best Happy New Week Wishes, Messages & PrayersJAMB Past Questions & Answers PDF (FREE downloads, all subjects)127 Heartfelt Good Morning Love Messages for Her to Brighten Her DayThe Life Changer 130 Possible Questions And AnswersTop 10 Best Commercial Courses to Study in Nigeria for High Paying JobsSS1 Physics Scheme of Work (1st, 2nd, 3rd term)10 Reasons Doctors Are Better Than Teachers - Argumentative EssayJUPEB – Everything You Need to Know About JUPEB ProgrammeReasons Teachers Are Better Than Doctors - ArgumentativeHistory And Origin Of Cultism In Nigeria (Latest Update)