Post Utme Igbinedion University 2018 Commerce Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2018 Commerce Objective / Multiple Choice
Question 20 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • COMMERCE • objective

A company has a checking account with a bank that offers a low-interest rate on deposits. However, the bank also charges a monthly maintenance fee for the account. Which of the following banking and financial institutions principles is most relevant to this situation?

Answer Options

A. Interest Rate
Correct Answer B. Fees
C. Minimum Balance
D. Compound Interest
Correct Answer
B
Correct Option:
Fees

About This Question

This is Post Utme Igbinedion University 2018 Commerce Question 20. It is one of the objective questions from the 2018 Post Utme Igbinedion University Commerce examination.

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