The amount of _____ will be called overd

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

Suppose a person has Rs 10000 lying in his current account and if bank allows him to issue cheques up to Rs 12000 .

The amount of _____ will be called overdraft.
Which of the following options suits best in the above blank?

Options:

10000

12000

2000

22000

Correct Answer:

2000

Explanation:

Difference of 2000 is an overdraft amount.