Business Studies JSS 3 Second Term Lesson Notes

Class: JSS 3 Business Studies Topic: Understanding Banking and Business Transactions 1. Explaining Types of Banking Transactions: Overdraft: When banks allow customers to spend more money than they have in their accounts. 🏦💳💸 Example: If you have $100 in your account but spend $120, the bank covers the extra $20 temporarily. Advertising: Promoting products or

      MOCK EXAMINATION (Second Term)  SESSION SUBJECT: BUSINESS CLASS: JSS 3 TIME: 1HR INSTRUCTION: Choose the correct answer from the options lettered A-D. When banks allow customers to draw more than the amount they have in their bank accounts, it is called A. Loan B. Cash Withdrawal C. Overdraft D. Mortgage The following