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From course:

GCSE Business 2020-2022 OCR

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Question:

How can a Overdraft be used to Solve a Cash Flow Problem? Is there any Issues with doing so?

Author: eric_galvao



Answer:

A: Very Flexible form of Finance, and is Immediate A: Interest is only paid when the Overdraft has been Used D: And said Interest may be High D: Bank can just Withdraw at any given Moment D: Starts up may find it Hard to get a Overdraft


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