WAEC Commerce 2021 Objective — Question 30
Question 30 of 50 from the West African Examinations Council (WAEC) Commerce 2021 Objective paper, with the correct answer and a full explanation.
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The amount a current account holder is allowed to withdraw in excess of the balance in his account is
- A. standing order
- B. overdraftCorrect
- C. interest
- D. credit transfer
Explanation
Overdraft is the amount above the balance which a current account holder is permitted to withdraw.
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