wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The facility by which depositors can withdraw amounts greater than their deposit amount is called facility.

A
transfer
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
interest
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
overdraft
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
letters of credit
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C overdraft
Overdraft facility allows depositors to withdraw amounts greater than their deposit amount.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Secondary Functions of a Bank
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon