WAEC Commerce 2017 Objective — Question 19
Question 19 of 50 from the West African Examinations Council (WAEC) Commerce 2017 Objective paper, with the correct answer and a full explanation.
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19. An overdraft is granted to holders of
- A. A. savings accounts
- B. B. loan accounts
- C. C. deposit accounts
- D. D. current accountsCorrect
Explanation
Overdraft is a form of loan. It is an amount over the balance of the current account holder allowed to be withdrawn.
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