JSCE Business Studies 2024 Objective — Question 26
Question 26 of 100 from the Junior Secondary Certificate Examination (JSCE) Business Studies 2024 Objective paper, with the correct answer and a full explanation.
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The situation whereby the customers are allowed to withdraw more than what he has in his account can be described as ______
- A. loan
- B. credit
- C. overdraftCorrect
- D. surplus
Explanation
Withdrawing more than the balance in one's account is an overdraft.
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