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 KCSE business studies paper 1 revision questions and answers set 4

Highlight four merits of current account to the account holder

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Answer Text:
-One enjoys bank overdraft facilities
-No minimum balance is required to be maintained in the account
-Withdrawals can be done any time
-Cheques can be used to make payments
-Periodic statements can be provided on demand
-no restrictions on the amount of withdrawals


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