Which action can lead to overdraft?
A.
only using credit cards
B.
paying close attention to debits and balances
C.
recording checks as soon as you write them
D.
using a debit card with funds earmarked for a previously written check
Hello, "boopboooooop" I'm checking over all of the questions that you asked about personal finance, and here are all of your answers that I've found, so far.
1: C. ending balance
2: D. 0.959%
3:A. Both cards deduct from funds currently in a checking account.
4:D. using a debit card with funds earmarked for a previously written check
C.D.A.D is the correct letter formation, but if you need word form I put it up there for you too!
(This post may vary if more questions are asked about personal finances)
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D. using a debit card with funds earmarked for a previously written check
The action that can lead to overdraft is:
D. using a debit card with funds earmarked for a previously written check.
The action that can lead to overdraft is:
D. using a debit card with funds earmarked for a previously written check.
Explanation:
An overdraft occurs when you spend more money than you have available in your bank account. By using a debit card with funds earmarked for a previously written check, you are essentially spending the money before it is available in your account. This can lead to an overdraft if the check amount exceeds the remaining balance in your account. It is important to keep track of your debits and balances to avoid overdraft situations.