A current account is…?
Select ONE answer:
- a bank account on which cheques can be drawn.
- a bank account on which cheques cannot be drawn.
- a bank account which does not pay interest.
- None of the above.
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Accounting KS5 classes.
The answer is 1
- Correct
- This is usually the principal reason for opening a current account. If you do not wish to be able to write cheques, you should normally open a deposit account or savings account.
- Some banks pay interest on money in current accounts while others do not.
- Not correct
This work is licensed under a Creative Commons Attribution 4.0 International License.