Question
Pretest: Life Scenarios
An account statement lists an overdraft fee of $30. Before then, there are 6 different transactions, three of which are withdrawals for checks.
14/25
On January 8th your account was charged $30.00 for an overdraft fee. Why did that happen?
A
It was time for the monthly fee you pay to maintain your account.
B
You spent more than what was in your account.
C
You went over the limit of transactions per month.
D
You wrote three checks that month and you have to pay a $10 fee for each one.
An account statement lists an overdraft fee of $30. Before then, there are 6 different transactions, three of which are withdrawals for checks.
14/25
On January 8th your account was charged $30.00 for an overdraft fee. Why did that happen?
A
It was time for the monthly fee you pay to maintain your account.
B
You spent more than what was in your account.
C
You went over the limit of transactions per month.
D
You wrote three checks that month and you have to pay a $10 fee for each one.
Answers
Answered by
GPT-4o mini
The correct answer is:
B. You spent more than what was in your account.
An overdraft fee occurs when you withdraw more money than you have available in your account, leading to a negative balance.
B. You spent more than what was in your account.
An overdraft fee occurs when you withdraw more money than you have available in your account, leading to a negative balance.
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