2
QuizMultiple Choice

Understanding Checking and Debit Accounts — Quiz

Question 2 • Personal Finance

Which bank has the highest possible overdraft fee? Bank Account Terms and Conditions A B C D Minimum Balance 500 dollars 250 dollars 300 dollars 100 dollars Interest 0 point 2 percent 0 percent 0 point 0 2 percent 0 percent Overdraft Fees 0 dollars if linked with savings account or 40 dollars per overdraft 35 dollars per overdraft 25 dollars per overdraft 25 dollars per overdraft ATM Usage/Fees 0 dollars for all ATMs 0 dollars for ABC bank ATMs 3 dollars for non-ABC bank ATMs 4 dollars per transaction 3 dollars per transaction Monthly Fee 10 dollars or 0 dollars with direct deposit 0 dollars 0 dollars 0 dollars Annual Fee 0 dollars 10 dollars 0 dollars 12 dollars

Answer
A
Bank C
B
Bank D
C
Bank B
D
Bank A

Explanation

Bank A can charge $40 per overdraft if the account is not linked to a savings account. The other banks charge $35 or $25 per overdraft, so Bank A has the highest possible fee. The correct choice is Bank A.

AI-written and checked against the verified answer.

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