Question 8 • FL-2102371-Personal Finance and Money Management
The bank debits the largest transactions first: $65.39, $30.64, $28.60, then $8.53. After the $65.39 cable bill, Dwayne has $29.74 left, which is not enough for any of the three remaining transactions. Each of those transactions creates an overdraft, and their combined shortfall is $38.03—within the bank’s $50 overdraft limit. So he incurs 3 fees; the correct choice is C, 3.
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