Multiple Choice
In connection with a checking account at a bank,what is an overdraft?
A) It is a check written that the bank does not pay due to insufficient funds in the account.
B) It is a negative balance caused by a bank paying a check when there are insufficient funds.
C) It is a postdated check for a larger amount than the drawer's checking account balance.
D) It is any kind of loan at a bank where a customer also has a checking account.
E) It is a deposit by a customer that is later returned because of insufficient funds.
Correct Answer:

Verified
Correct Answer:
Verified
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