10
InstructionMultiple Choice

Using a Debit Card

Question 10 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

Anna has $274.00 in her account on Sunday. Over the next week, she makes the following changes to her balance via deposits and purchases: Day Debit ($) Credit ($) Monday 194.62 35.45 Tuesday --- 11.20 Wednesday 145.86 24.75 Thursday 53.35 33.80 Friday 31.60 45.77 Saturday 12.90 61.63 Anna gets an overdraft fee if her balance at the end of the day is negative. On which day or days does Anna get charged an overdraft fee? I. Wednesday II. Thursday III. Friday

Answer
A
I only
B
I and II
C
II and III
D
III only

Explanation

Start with $274.00 and subtract each debit while adding each credit. After Monday and Tuesday, Anna has $126.03. Wednesday’s transactions leave $4.92, but Thursday’s leave −$14.63 and Friday’s leave −$0.46. Her balance is negative at the end of Thursday and Friday, so the correct choice is II and III.

AI-written and checked against the verified answer.