233k views
0 votes
❗️❗️can anyone help me out with BIM PLEASE ❗️❗️(banking & credit cards)❗️Which terms describe an account that does not have sufficient funds to cover all the charges made to it? Select all that

apply.
Overdrawn
Non-sufficient funds
Insufficient funds
Loan
Overdraft

❗️❗️can anyone help me out with BIM PLEASE ❗️❗️(banking & credit cards)❗️Which-example-1
User Pcs
by
5.1k points

1 Answer

4 votes

Answer:

Overdrawn

Insufficient funds

Step-by-step explanation:

An account that doesn't have sufficient funds to cover all charges made against it, has special terms which bankers use to describe it. They include:

i. Insufficient funds: this refers to situation where the amount in the account is less than amount drawn on it or charges made against it.

ii. Account overdrawn: this doesn't have a special bank permit to withdraw more than what is in the account.

User WeAreRight
by
5.1k points