An Overdraft Protection Line of Credit

question 133

Multiple Choice

An overdraft protection line of credit

• A)can be used to extend payments on a home mortgage.
• B)blocks creditors from accessing the equity in your home.
• C)is characteristic of revolving charge accounts.
• D)can automatically extend credit to cover excess withdrawals from a checking account.

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Definitions:

Wetland

An area of land saturated with water, either permanently or seasonally, characterized by unique ecosystems with distinctive plants and wildlife.

Dredging

The process of removing accumulated sediment and debris from the bottom of lakes, rivers, harbors, and other bodies of water to improve navigation or increase water capacity.

Army Corps of Engineers

A U.S. federal agency under the Department of Defense responsible for public engineering, design, and construction management, including projects for coastal and flood protection, navigation, and environmental restoration.

Resource Conservation and Recovery Act

A United States federal law that governs the disposal of solid and hazardous waste, aimed at conserving resources and ensuring proper waste recovery.