Question:
Overdraft facility has a/an _____ credit limit.
Overdraft facility has a/an _____ credit limit.
Updated On: Dec 16, 2024
- estimated
- permanent
- approved
- unlimited
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The Correct Option is C
Solution and Explanation
An overdraft facility allows the account holder to withdraw more money than what is available in their account. However, the credit limit for overdraft is predefined and approved by the bank.
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