What is the purpose of an overdraft facility pr... - SS2 Commerce Commercial bank Question
What is the purpose of an overdraft facility provided by commercial banks?
A
It allows customers to withdraw money without any limits.
B
It allows customers to earn interest on their deposits.
C
It allows customers to spend more money than what is currently in their account.
correct option: c
It allows customers to spend more money than what is currently in their account.
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