Maintaining a positive balance helps avoid overdraft fees, interest charges, and potential penalties. A negative balance might be worthwhile in emergencies or short-term financial setbacks, but it should be avoided to prevent long-term consequences.
Class 6 Mathematics Chapter 10 The Other Side of Zero question answer
Class 6 NCERT Ganita Prakash Chapter 10 The Other Side of Zero
Maintaining a positive bank balance ensures that you avoid overdraft fees, interest charges, and penalties. A positive balance also allows for financial flexibility, like saving, earning interest, and making purchases. However, a negative balance may be temporarily useful in emergencies or short-term financial gaps, such as when there are unexpected expenses. It’s important to resolve negative balances quickly to avoid incurring additional fees or damaging your credit. Long-term negative balances should be avoided.
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