The different between an overdraft and loan is that an overdraft?

Commerce

WAEC 1993

A. does not yield interest
B. is giving to savings account holders only
C. yields interest on the customer before it is granted?
D. yields interest only on the sum drawn
E. requires no application by the customer before it is granted

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Correct Answer: Option D

Explanation

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The different between an overdraft and loan is that an overdraft?

Correct Answer: Option D

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