Overdraft Math

Juanita has $3.56 in her checking account. Her bank charges $35 dollars for every overdraft. She uses her debit card to buy lunch at taco bell for $8.92. How much does her lunch really cost her?

• $3.56

• $8.92

• $43.92

• $-26.08

Juanita has $3.56 in her checking account. Her bank charges $35 dollars for every overdraft. She uses her debit card to buy lunch at taco bell for $8.92. How much is in her account after the purchase?

• $-5.36

• $-35.00

• $-40.36

• $-43.92

Mohamed has $2.74 left in his account, which charges $40 in overdraft fees. He uses his debit card to buy a video game for $29.99. How much did the video game really cost Mohamed?

• $2.74

• $29.99

• $40.00

• $69.99

Mohamed has $2.74 left in his account, which charges $40 in overdraft fees. He uses his debit card to buy a video game for $29.99. What is the new balance of his account?

• $-27.25

• $-67.25

• $-37.26

• $-69.99

True or False: It is good to overdraw a bank account as often as possible

• True

• False

True or False: NSF stands for non-sufficient funds and means there is not enough money in your account to cover a purchase.

• True

• False

True or False: Buying something when you do not have enough money in your account can result in costing you a lot more money.

• True

• False

True or False: Overdraft protection is usually free.

• True

• False

True or False: As long as you always pay back what you owe, having an account that is overdrawn frequently does not hurt you.

• True

• False

True or False: As long as you always pay back what you owe, having an account that is overdrawn frequently does not hurt you.

• True

• False