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A fixed deposit account is beneficial to its holders because
Classroom
Commerce Classroom
Waec
Waec 2014
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A fixed deposit account is beneficial to its holders because
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Cheques can be issued to settle huge debts
B
Customers can become shareholders of the bank
C
It attracts higher interest rate
D
It allows customers overdraw their accounts
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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Accounts - Principles of Accounts
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