23
QuizMultiple Choice

Using a Debit Card

Question 23 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

Elizabeth has $252.00 in her account on Sunday. Over the next week, she makes the following changes to her balance via deposits and purchases:DayDebit ($)Credit ($)Monday114.60150.00Tuesday79.68---Wednesday161.39---Thursday57.40---Friday22.8575.00Saturday140.55---On what day does Elizabeth first get charged an overdraft fee?

Answer
A
Wednesday
B
Thursday
C
Friday
D
Saturday

Explanation

Start with $252.00. After Monday’s $114.60 purchase and $150.00 deposit, Elizabeth has $287.40; after Tuesday’s $79.68 purchase, she has $207.72. Wednesday’s $161.39 purchase leaves $46.33, but Thursday’s $57.40 purchase takes her balance to −$11.07, so Thursday is the first day she is overdrawn.

AI-written and checked against the verified answer.

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