A loan to a customer with a cheque account at a bank in w...
A loan to a customer with a cheque account at a bank in which the account is allowed to go into debit is
overdraft
advance
interest
commission
Correct answer is A
Overdraft; a deficit in a bank account caused by drawing more money than the account holds. The overdraft allows the account holder to continue withdrawing money even when the account has no funds in it or has insufficient funds to cover the amount of the withdrawal.
Which of the following is a disadvantage of air transport? ...
The maximum number of shareholders in a public liability company is? ...
The stock exchange is a market where _______ ...
How much was the trade discount? ...
The main document sent to an importer of goods by the exporter are? ...
The primary memory component of a computer is the? ...
Which of the following is a limitation of division of labour? ...
Which of the following is a good example of capital market? ...