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Disadvantages of Overdraft Finance
A. It is expensive as the interest rates of overdrafts are much higher than bank rates.
B. The employ of this finance is an indication of poor financial management principle.
C. It may be misused via management because it does not carry pre-conditions
D. To be short-term financial managements, it can be recalled at short notice leaving the company in financial crisis.
Capital Market Authority (CMA) Was established in 1990 with an Act of Parliament to assist, in creation of a conducive environment, for growth and development of capital marke
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