Economics

Question

3.3.2 Quiz: Checking Accounts

Question 3 of 10

Orrin had $541.06 in his checking account, and a check that he wrote to his

landlord for $560.00 was just deposited. This will result in which of the

following fees?

• A. Overspending fee

• B. Overdraft fee

O C. ATM Fee

• D. Service fee

SUBMIT

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Answer

B. Overdraft fee

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Orrin's check for $560.00 was deposited into his checking account, which had a balance of $541.06. This means...