I need help with these questions please. Could someone please check them for me? Thank You.
1. Jane Hilman went to her bank. She had a balance of $1,009.88 in her savings account. She withdrew $130.00 and the teller credited her account with $6.19 What is her new balance.
is it $886.07?
2. Which of the following can be accomplished with electronic banking?
(1)foreign exchange transactions
(2)view your account status
(3)transfer funds
(4) pay bills without going to the bank
Is it all of them?
I agree with your first answer. You're probably right for 2, although I don't think ordinary U.S. ATMs offer foreign exchange transactions.
1. Yes
2. Yes, all of them are possible, but few banks allow foreign exchange transactions online. Citibank allows it. See
https://online.citibank.com/US/JRS/pands/detail.do?ID=CitiBizFXAAG
1. To find Jane Hilman's new balance, you would start with her original balance of $1,009.88 and subtract the amount she withdrew, which is $130.00. Then, you would add the amount that was credited to her account, which is $6.19. So the calculation would be:
$1,009.88 - $130.00 + $6.19 = $886.07
Therefore, yes, her new balance would be $886.07.
2. Electronic banking refers to conducting banking transactions using electronic means such as the internet or mobile devices. The options presented—foreign exchange transactions, viewing account status, transferring funds, and paying bills without going to the bank—are all tasks that can typically be accomplished through electronic banking.
So, yes, all of the options listed can usually be accomplished with electronic banking.