Question 38

The different between an overdraft and loan is that an overdraft?

  • A.does not yield interest
  • B.is giving to savings account holders only
  • C.yields interest on the customer before it is granted?
  • D.yields interest only on the sum drawn
  • E.requires no application by the customer before it is granted
Objective

Question details

Exam body
WAEC
Subject
Commerce
Year
1993
Question no.
#38
Type
Objective

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