Thelma signs a check "pay to the order of Uri" drawn on Thelma's account in Verity Bank. Thelma has $400 in her account but the amount of the check is $500, which the bank pays. This is ___.a. a dishonored check. b. an overdraft. c. a postdated check. d. a stale check.

Option B

This is  an overdraft

The overdraft enables the account renter to proceed to withdraw money still when the account has no capitals in it or has inadequate funds to reach the value of the withdrawal. An overdraft indicates that the bank allows clients to acquire a set measure of money.

There is interest on the loan, and there is typically a charge per overdraft. With an overdraft account, a bank is satisfying payments a client has executed that would unless be discarded, or in the fact of reality checks, would bounce and be passed without payment.

c

explanation:

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.