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A current account holder pays fees for services in form of

A current account holder pays fees for services in form of
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Bank charges
  • B Interest rates
  • C Commission on turnover
  • D Minimum lending rate
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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