An overdraft is granted to holders of?

A. savings accounts B. loan accounts C. deposit accounts D. current accounts Correct Answer: Option D D. current accounts Explanation An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. overdrafts are only allowed...

The duty payable on goods produced locally is?

A. export duty B. excise duty C. import duty D. ad Valorem duty Correct Answer: Option B B. excise duty Explanation An excise or excise tax is any duty on manufactured goods which is levied at the moment of manufacture, rather than at sale. excise is levied on goods...

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