Question: Before reforms were put in place during the 1980s, many entities allowed their overdraft accounts to remain continually overdrawn. Banks reformed the situation by advising

Before reforms were put in place during the 1980s, many entities allowed their overdraft accounts to remain continually overdrawn. Banks reformed the situation by advising these clients to contract for longer-term funding. Provide an example of a company's circumstances that would necessitate entering into an overdraft arrangement with a bank?

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