Question

The bank refused to offer him any more credit as he was already $10,000 _
A withdrawn
B insolvent
C in the black
D overdrawn

Answer 1

Explanation:

The bank refused to offer him any more credit as he was already $10,000 _

A withdrawn

B insolvent

C in the black

D overdrawn

D Overdrawn.

hope it helps

Answer 2

Answer:

The correct term that is missing from the statement given to us is found to be option (d) overdrawn.

Explanation:

In the given statement, the bank has refused to offer any more money to the subject, and we know that this only happens if the subject has already taken the eligible amount from the bank and has no more funds in the account.

Now, decoding the terms in the options, we get:

• Withdrawn: Money or capital withdrawal from bank refers to taking your assets out from your bank account.
• Insolvent: A bank's insolvency is a situation in which a bank is unable to meet its financial obligations and must be closed or restructured to resolve the issue. European countries use the term "insolvency" to describe the situation in which a bank goes bankrupt while  the United States uses the term "bankruptcy" or "bank failure".
• In the black: In general,  we use the term "in the black" to describe the state of "surplus" economic security. In Treasury, this term is used when a company earns more  than it costs. This profit can be used to buy better equipment, improve working conditions, pay a portion of the return to  investors, and more.
• Overdrawn: "Overdraw" means that you have withdrawn more money than is available from your account. It also means a negative  balance. The term "over" can be confusing because the word "over" means "above" and looks positive.

Thus, in this case, "overdrawn" in the only suitable answer.

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