What is the name for an automatic loan made to your checking account whenever your account does not contain enough cash to cover the checks that you have written against it?

A) No fee checking coverage
B) Overdraft protection
C) Automatic check coverage (ACC)
D) Draft-free checking
E) None of the above are correct answers.

Answer: B

Business

You might also like to view...

A(n) ________ shop provides that within a specific period of time, usually 30 to 90 days, an employee must join the union (full or limited membership) to continue the job with the employer

a. agency b. open c. closed d. union

Business

Which of the following is not a requirement or property of a binomial experiment?

a. The ordering of success is important. b. The probability of success is constant from trial to trial. c. Each trial results in one of the same two outcomes, typically called a success or failure. d. The trials are independent.

Business