Outline the benefits that a bank customer gets from operating a current account.
Answer Text: -The traders can withdraw money at any time without notice-Cheques are used for payments instead of cash-Traders can arrange for overdrafts facilities with the management of the bank-The bank can pay on behalf of the traders such as standing orders-One can get issues of regular statements thus enabling them to be aware of their bank balances.-Safety is enhanced as one pay creditors using a cheque and does not have to go to the bank
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