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O-LevelCommerceBanking7100/11 · Oct/Nov 2012 · Q331 Mark

A customer has an agreed overdraft facility of $200. She has received a bank statement showing the balance of the account to be $120 overdrawn. The account was later credited $50. What is the new balance of her account?

A$170 overdrawn
B$70 overdrawn
C$170 credit
D$250 credit

✓ Correct answer

B: $70 overdrawn

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About this question

Topic
Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2012 Paper 1 Variant 1, question 33.

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