An overdraft is
COMMERCE
WAEC 2011
An overdraft is
- A. amount permitted to be withdrawn in excess of one's deposit
- B. excessive cash withdrawn by commercial banks from the Central Bank
- C. credit balance standing in the name of a customer
- D. special deposits made by commercial banks
Correct Answer: A. amount permitted to be withdrawn in excess of one's deposit
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *