How much money will you pay in fees for trying to sen» a friend money via an app when your account has insufficient funds?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Banking Fees
Reason for Fee
Fee
How much money will you
$15.00 pay in fees for trying to send
a friend money via an app
when your account has
insufficient funds?
Returned Check
$20.00
Insufficient Funds (NSF)
Monthly Service Charge
$12.00
Non-affiliate ATM charge
$2.50
Overdraft
$40.00
Printed Statements
$5.00
Foreign Exchange (FX)
3%
A. $5.00 printed statement fee
B. $2.50 non-affiliate ATM fee
C. $15.00 NSF fee
D. 3% of the amount you sent
© 2003 - 2021 Acellus Corporation. All Rights Reserved.
65°F Sunn
Transcribed Image Text:Banking Fees Reason for Fee Fee How much money will you $15.00 pay in fees for trying to send a friend money via an app when your account has insufficient funds? Returned Check $20.00 Insufficient Funds (NSF) Monthly Service Charge $12.00 Non-affiliate ATM charge $2.50 Overdraft $40.00 Printed Statements $5.00 Foreign Exchange (FX) 3% A. $5.00 printed statement fee B. $2.50 non-affiliate ATM fee C. $15.00 NSF fee D. 3% of the amount you sent © 2003 - 2021 Acellus Corporation. All Rights Reserved. 65°F Sunn
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