Tammy's Craft Corner
Working at a local university, Tammy's favorite hobby included anything related to crafts. She could spend hours pouring over the craft books to actually working on and talking to people about craft projects. Tammy was great at what she did and liked to do, but lacked the money management skills. So when Tammy opened her business "Tammy's Craft Corner". Her son, a business major, decided to step in and help mom with managing the money side of the business.

-As Tammy always ended up writing more checks than the money she had in her checking account,her son recommended that she establish with her bank to _____ her account so that her checks could be paid.

Question

Tammy's Craft Corner
Working at a local university, Tammy's favorite hobby included anything related to crafts. She could spend hours pouring over the craft books to actually working on and talking to people about craft projects. Tammy was great at what she did and liked to do, but lacked the money management skills. So when Tammy opened her business "Tammy's Craft Corner". Her son, a business major, decided to step in and help mom with managing the money side of the business.

-As Tammy always ended up writing more checks than the money she had in her checking account,her son recommended that she establish with her bank to _____ her account so that her checks could be paid.

Quizplus · Accepted Answer

The term "overdraft" refers to a bank account balance that goes below zero. This means that if Tammy had established an overdraft with her bank, they would allow her to withdraw more money than she had in her account, up to a certain limit. This way, her checks would be paid even if she didn't have enough funds in her account at the time.

Tammy's Craft Corner Working at a Local University, Tammy's Favorite Hobby Included Anything