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    Question

    What is Bank Overdraft?

    A A document used by a company's accounts payable department containing the supporting documents for an invoice. Correct Answer Incorrect Answer
    B A negotiable instrument where payment is guaranteed by the issuing bank. Correct Answer Incorrect Answer
    C A negotiable instrument similar to a bill of exchange. Correct Answer Incorrect Answer
    D A line of credit that covers your transactions if your bank account balance drops below zero. Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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