3
AssignmentMultiple Choice

Consumer Responsibilities

Question 3 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

Shakira has a balance of $202.86 in their checking account on Saturday morning. They use their debit card to pay their cell phone bill of $80.73 over the phone. They then pick up their dry cleaning, dog food at the pet store, and groceries at the market for debits of $16.89, $35.24, and $113.92 respectively. Shakira’s bank uses a balance system of deducting highest transactions first. The bank will not decline amounts under $50, but they do charge a fee for each overdraft. How many overdraft fees will Shakira incur?

Answer
A
1
B
2
C
3
D
4
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