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Commercial Banks — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsCommercial Banks2 Marks
Question
Define the following terms:
(a) Overdraft
(b) Money at call
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Answer

Under this facility; the borrower is allowed to overdraw the current account balance.
Money at call is money that is repayable on demand with a maturity period of one to sourteen days.

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