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O-LevelCommerceCredit7100/11 · Oct/Nov 2015 · Q381 Mark

Mrs Patel calculated that she will need an extra $200 to meet her household bills. What is the best way for her to meet this shortfall?

Aextend her mortgage

Bnegotiate a hire purchase loan

Crequest an overdraft

Dtake out a bank loan

✓ Correct answer

C: request an overdraft

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2015 Paper 1 Variant 1, question 38.

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