question 1 of 10 what does it mean when someones account is \overdrawn\? the account has been closed. its…

question 1 of 10 what does it mean when someones account is \overdrawn\? the account has been closed. its not earning interest because there is less than $100 in the account. theyve spent more money than they have available in their account. funds have been transferred from a savings account to a checking account.

question 1 of 10 what does it mean when someones account is \overdrawn\? the account has been closed. its not earning interest because there is less than $100 in the account. theyve spent more money than they have available in their account. funds have been transferred from a savings account to a checking account.

Answer

Brief Explanations:

Overdrawing an account occurs when the account - holder spends more money than the available balance in the account. This can lead to fees and negative account balances.

Answer:

They've spent more money than they have available in their account.