Question

question 3 of 10
what does it mean when someone’s account is \overdrawn\?
○ it’s not earning interest because there is less than $100 in the account.
○ the account has been closed.
○ funds have been transferred from a savings account to a checking account.
○ they’ve spent more money than they have available in their account.

Explanation:

An overdrawn account occurs when an account holder makes transactions that exceed the available balance in their account, resulting in a negative balance. The other options do not match this definition: low balance not earning interest, a closed account, and a transfer between accounts are unrelated to the concept of an overdrawn account.

Answer:

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