Where an Overdraft Facility Has Been Offered, the Bank Sees

question 37

True/False

Where an overdraft facility has been offered, the bank sees this as a semi-permanent source of finance, and prefers to see the account consistently overdrawn, as it will receive more fees through overdraft charges, thus reducing the risk of the finance.

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Definitions:

Intestines

The elongated part of the digestive system, located between the stomach and the anus, involved in nutrient absorption and waste processing.

Cardiac Muscle

Refers to the specialized muscle tissue found only in the heart, responsible for the heart's contraction and the pumping of blood throughout the body.

Self-Exciting

A term often related to systems that have the capability to start up or operate on their own due to an internal mechanism or process.

Peristalsis

A series of wave-like muscle contractions that move food through the digestive tract.