QuestionAugust 11, 2025

Cruz had 672.13 in his checking account, and a check that he wrote to his landlord for 650.00 was just deposited This will result in which of the following fees? A. Overdraft fee B. Service fee C. ATM Fee D. None of the above

Cruz had 672.13 in his checking account, and a check that he wrote to his landlord for 650.00 was just deposited This will result in which of the following fees? A. Overdraft fee B. Service fee C. ATM Fee D. None of the above
Cruz had 672.13 in his checking account, and a check that he wrote to his landlord for 650.00 was just deposited This will result in which of the following fees? A. Overdraft fee B. Service fee C. ATM Fee D. None of the above

Solution
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Answer

D. None of the above Explanation 1. Calculate Remaining Balance Subtract the check amount from the account balance: 672.13 - 650.00 = 22.13. 2. Determine Fee Type Since the remaining balance is positive (22.13), no overdraft occurs.

Explanation

1. Calculate Remaining Balance<br /> Subtract the check amount from the account balance: $672.13 - 650.00 = 22.13$.<br />2. Determine Fee Type<br /> Since the remaining balance is positive ($22.13$), no overdraft occurs.
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