Current Accounts (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is a current account primarily designed for?
What is a current account primarily designed for?
Frequent transactions
Do current accounts typically earn interest?
Do current accounts typically earn interest?
No, they do not
What does an overdraft facility allow?
What does an overdraft facility allow?
Withdraw more than available balance
What does an overdraft act as?
What does an overdraft act as?
A short-term loan
What is a debit card linked to?
What is a debit card linked to?
The current account
What are direct debits used for?
What are direct debits used for?
Automatic, regular payments
Who sets up a standing order?
Who sets up a standing order?
The account holder
What do bank statements provide?
What do bank statements provide?
Detailed record of all transactions
What do savings accounts typically offer?
What do savings accounts typically offer?
Interest on deposited funds
What restriction might savings accounts have?
What restriction might savings accounts have?
Limited withdrawals per month