Business 9609 · AS & A Level · Sources of finance

Sources of finance — practice question

(a)[2]

Define what is meant by ‘overdraft’.

(b)[3]

Explain two reasons why a business might use an overdraft.

Worked solution & mark scheme

This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “bank agrees to lend up to a fixed amount of money” …

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