Question

On January 8th your account was charged $30.00 for an overdraft fee.

Why did that happen?
A It was time for the monthly fee you pay to maintain your account.
B
You spent more than what was in your account.
You went over the limit of transactions per month.
d
You wrote three checks that month and you have to pay a $10 fee for each
one.

Answer 1

The account was charged an overdraft fee of $30.00 because the student spent more than the amount in their account. The possibility of multiple check fees is mentioned but cannot be confirmed without further information.

Step-by-step explanation:

The reason your account was charged $30.00 for an overdraft fee on January 8th is because you spent more than what was in your account. When you make a purchase or withdraw money from your account and there are insufficient funds, the bank charges you an overdraft fee as a penalty. In this case, the fee was $30.00.

If you had written three checks in that month, each one incurring a $10 fee, that might have contributed to the overdraft fee as well. However, since no information is given about the checks, it cannot be determined if this was the exact cause of the fee. Additionally, the options A and B in the question are irrelevant and do not explain the reason for the overdraft fee.

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