AnswersKapuschinskyWCA 3424 Consumer Applications 1st nine weeks 26-27Using a Debit CardQuestion 8
8
QuizMultiple Choice

Using a Debit Card

Question 8 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

Adam’s bank account has a balance of $1213.69 before he starts spending money. He makes the following transactions:TransactionCost ($)Car payment260.16Groceries97.98Parking ticket75.00DVD box set115.35Antique lamp68.53Suit331.84Adam is considering getting his car a new paint job. Doing so will have a total cost of $264.83. Can Adam afford this?

Answer
A
Yes, he can make the purchase and still have money left over.
B
Yes, but doing so will clear out his account.
C
No, purchasing that would overdraw his account.
D
No, he is overdrawn already.

Explanation

The listed transactions total $948.86. Subtracting that from the starting balance of $1,213.69 leaves $264.83. Since the paint job costs exactly $264.83, Adam can pay for it but will have no money left in the account, so the correct choice is “Yes, but doing so will clear out his account.”

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