ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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non satisfactory financing
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not saving fully
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non sufficient funds
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non surplus funds
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Detailed explanation-1: -What Are Non-Sufficient Funds (NSF)? Non-sufficient funds (NSF), or insufficient funds, is the status of a checking account that does not have enough money to cover all transactions.
Detailed explanation-2: -Non-Sufficient Funds (NSF) Fees. Overdraft Protection Programs.
Detailed explanation-3: -NSF stands for “not sufficient funds”. An NSF check is one that is not entertained by the bank of the company issuing the check, on the grounds that its bank account does not contain sufficient funds or the bank account has been closed.
Detailed explanation-4: -Definition: A nonsufficient funds checks, more commonly referred to as a NSF check or hot check, is a check that was written on a bank account without enough money to pay the check. In other words, it’s a check that will bounce because there isn’t enough money in the account.
Detailed explanation-5: -Banks will impose NSF charges when you don’t have enough money in your account to cover a transaction. This can happen when you write a check for an amount that exceeds what’s available in your checking account. The bank won’t allow the check to go through, and you’ll be charged an NSF fee.