Final answer:
If you have $10 in your account and spend $80 with a debit card, you'll likely face overdraft fees for each transaction over your balance. Assuming a fee of $37, for three transactions, you would owe $111 in fees plus the overdraft amount of $70, resulting in option (d) as the correct answer.
Step-by-step explanation:
If you have $10 in your checking account and attempt to make several debit card transactions totaling $80 ($45 for groceries, $20 for movie tickets, $15 for popcorn and soda), you would exceed your available balance after the first transaction if the bank permits it. With a debit card, purchases are immediately deducted from your checking account, potentially leading to an overdraft if you spend more than your account balance.
If your bank allows the transactions to go through but charges an overdraft fee for each transaction that exceeds your balance, you would be able to purchase all items. Assuming an overdraft fee of $37, which is a common fee amount, the situation would likely result in three overdraft fees since you would have three separate transactions that exceed your account balance. Thus, you would owe the bank the amount that your account is negative ($70) plus three overdraft fees totaling $111 (3 times $37).
The answer to the student's question, provided that the bank does enforce individual overdraft fees for each transaction, would be option (d): You would be able to purchase everything, and you would owe the bank $70 and be charged three overdraft fees totaling $111.