Question

    Which of the following credit facilities is demandable

    at any time by the bank?
    A Term Loan Correct Answer Incorrect Answer
    B WCTL Correct Answer Incorrect Answer
    C Overdraft Correct Answer Incorrect Answer
    D Foreign Currency Loan Correct Answer Incorrect Answer
    E Debentures Correct Answer Incorrect Answer

    Solution

    Overdraft is a demand facility, repayable on demand by the bank.

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