Question

Which of the following is a consequence of overdrawing your checking account?

a. overdraft fee from your bank
b. bounced check fee from the store
c. stress from money mismanagement
d. all of the above

Answer 1

Overdrawing a checking account can result in an overdraft fee from your bank, a bounced check fee from the store, and stress from money mismanagement.

Step-by-step explanation:

Overdrawing your checking account can lead to several consequences. One consequence is that you may incur an overdraft fee from your bank. This fee is charged when you spend more money than you have in your account. Another consequence is that you may also face a bounced check fee from the store if you wrote a check without sufficient funds. Lastly, overdrawing your checking account can cause stress from mismanaging your money and dealing with the financial consequences. Therefore, the correct answer is d. all of the above.