Respuesta :
Answer:
Overdrafts are a synonym of debt
Explanation:
When overdrafts happen, it's because you're drawing more money from your account from what you actually hold in it. Dave describes overdrafts as a sign of "crisis living" because you're spending more money than you really have. In other words, you do not have sufficient funds to complete a transaction, and this may lead to extra fees that need to be paid, having as a result an increase in your negative balance; your debt will be greater because there's not enough money for you to comply with your financial obligations.
Overdrafts are referred to as a sign of crisis living due to the fact that it shows that a person is on a deficit.
What are overdrafts?
These are the deficits that are owed by people due to the fact that they have withdrawn more money than they have in their account.
This is a crisis due to the fact that it shows that the person is broke and has no money.
Read more on overdrafts here:
https://brainly.com/question/25772671
