which of the following is a source of short term finance
COMMERCE
WAEC 2018
which of the following is a source of short term finance
- A. hire purchase
- B. overdraft
- C. lease
- D. debenture
Correct Answer: B. overdraft
Explanation
An overdraft is an extension of credit from a lending institution when an account reaches zero. Overdrafts come with interest and additional fees and should only be used sparingly. An overdraft will allow you to borrow money through your current account. Usually there
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