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Which TWO of the following are features of a bank overdraft?

Which TWO of the following are features of a bank overdraft?

A.

A fixed amount of interest is determined for the period of the overdraft

B.

Repayments are scheduled in advance

C.

The amount off overdraft utilised will fluctuate according to the needs off the borrowing entity.

D.

The bank cannot demand repayment of the overdraft before the end of the agreed period.

E.

Interest is charged on the balance outstanding.

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  • Update on: Sep 17, 2025
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