An overdraft is
...An overdraft is
amount permitted to be withdrawn in excess of one's deposit
excessive cash withdrawn by commercial banks from the Central Bank
credit balance standing in the name of a customer
special deposits made by commercial banks
Correct answer is A
The term bank overdraft refers to a withdrawal of money that is greater than the available balance in an account.
The application of division of labour would generally bring about ...
The naria is legal tender because it is? ...
The luxurious boats used for passengers from one town to another are ...
Why will a cheque be dishonored? ...
The document which regulates the operations of a partnership is known as ...
Which of the following encourages people to save towards owning a house? ...
Catalogs are mostly used by ...
The function which ensures that set objectives are attained by an organization is? ...
One of the inputs in production that can be motivated by remuneration is ...
A collective term for advertising, personal selling and publicity is? ...