Mia is opening her first checking account, and she's trying to decide whether she should sign up for overdraft protection. Which friend's advice is MOST accurate?*1 pointJordan says, "With overdraft protection, you never have to worry about how much money is in your account."Donnie says, "Yes, you'll have to pay a fee for each overdraft, but you DON'T have to pay the bank back the money you overdrew the account by."Frank says, "Overdraft protection may seem handy if you have an emergency (like needing gas to get to work) but you might pay lots of overdraft fees if you don't keep track of your account closely."Alex says, "If you say "No" to overdraft protection, and you TRY to withdraw more than what's in your account, the bank will contact you to see if you want them to cover it."

What do you understand by bank overdraft ?

What is overdraft protection?A.A situation in which a customer gets too much cash from an automatic teller machineB.A service provided by the bank that automatically moves money from one account to another to keep the balance above $0C.A situation in which a check is returned to the customer for nonpaymentD.A service provided by the bank to provide monthly statements of the current balance in an accountSUBMITarrow_backPREVIOUS

Rita, a freelance graphic designer operating from her home office, receives an official email from her bank notifying her of unauthorized transactions made using her debit card. She decides to ignore the email and waits to see if the bank contacts her again. Analyze the possible consequences of her course of action. a. Rita's bank account and money will be safe and secure. b. Rita's account will be safe as the email was spam. c. Rita's account will continue to receive unauthorized access and suffer financial loss. d. Rita's bank will solve the issue on its own, and there will be no financial loss.

When customer’s account overdrawn or when customer has taken loan from banker, then the customera.Creditorb.Bailorc.Debtord.Agen

In which situation would it be most appropriate to use money you have set aside in your emergency fund?A.Your friend needs $100 for rent.B.You forgot to pay your phone bill.C.Your roommate needs $50 for a date.D.Your microwave stops working.