Business 9609 · AS & A Level · Sources of finance

Sources of finance — practice question

Part 1[2]

Define the term ‘overdraft’ from line 21.

Worked solution & mark scheme

This 2-mark question has a full step-by-step worked solution and mark scheme. One marking point: A short-term and flexible source of finance that lets a business/person borrow money when needed

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  • Step-by-step worked solution
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