American_Bankers_Association
CTFA · Question #259
Overdraft protection line is:
The correct answer is A. A line of credit linked to a checking account B. Its account allows depositor to overdraw the account up to a specified amount. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
Overdraft protection line is:
Options
- AA line of credit linked to a checking account
- BIts account allows depositor to overdraw the account up to a specified amount
- CA line of credit linked to a checking account that allows a depositor to overdraw the account up to
- DNone of these
How the community answered
(47 responses)- A81% (38)
- C6% (3)
- D13% (6)
Topics
#overdraft protection#checking account#credit line#banking products
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