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O-LevelCommerceCredit7100/12 · May/June 2019 · Q311 Mark

Mr Soon has an overdraft limit of $5000. His current account has a credit balance of $300. If he draws further cheques totalling $2000, what will be the overdrawn balance on his account?

A$300

B$1700

C$2300

D$7000

✓ Correct answer

B: $1700

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2019 Paper 1 Variant 2, question 31.

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