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Question
Overdraft facility is usually availed by ______.
Options
Savings deposit holders
Current account holders
Fixed deposit holders
Recurring deposit holders
Solution
Overdraft facility is usually availed by Current account holders.
Explanation:
The overdraft facility is offered by the banks to its account holders (This means a current holder can withdraw more money than it has in the account). These deposits can be withdrawn by the depositor at any time by means of cheques.
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