Review the table with fees for Bank A and Federal Credit Union (FCU) B. Monthly Fee Minimum Balance Bank A $5.00 when ending balance is less than $1000.00 No minimum required ATM Fee Check Fee Overdraft Fee $25.00 per overdraft Interest on Balance 0.2% monthly interest for the whole month if ending balance is greater than $500.00 0.3% monthly interest for the whole month if ending balance is greater than $1000.00 20 free, then $2.50 at any ATMs 30 free checks per month Which statements are true? Select all that apply. AO Two overdrafts per month cost more at FCU B. BO Three overdrafts per month cost more at Bank A. CO FCU B does not charge for cash withdrawals at any ATM. FCU B $10.00 to open with no monthly fees $50.00 Free at FCU ATMs, $2.00 at non-FCU ATMs Unlimited free checking $10.00 for first; $30.00 for all others An ending balance of $2000.00 at FCU B earns $6.00. An ending balance of $2000.00 at Bank A earns $40.00. FOFCU B offers a better option for using checks. GO The total cost of using Bank A is more than using FCU B. An ending balance of $250.00 at Bank A costs $5.00.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Review the table with fees for Bank A and Federal Credit Union (FCU) B.
Monthly Fee
Minimum Balance
Bank A
$5.00 when ending balance is less than $1000.00
No minimum required
20 free, then $2.50 at any ATMs
30 free checks per month
FCU B
$10.00 to open with no monthly fees
$50.00
ATM Fee
Free at FCU ATMs, $2.00 at non-FCU ATMs
Check Fee
Unlimited free checking
Overdraft Fee
$25.00 per overdraft
$10.00 for first; $30.00 for all others
Interest on Balance 0.2% monthly interest for the whole month if ending balance is greater than $500.00 0.3% monthly interest for the whole month if ending balance is greater than $1000.00
Which statements are true? Select all that apply.
AO Two overdrafts per month cost more at FCU B.
BO Three overdrafts per month cost more at Bank A.
CO FCU B does not charge for cash withdrawals at any ATM.
An ending balance of $2000.00 at FCU B earns $6.00.
An ending balance of $2000.00 at Bank A earns $40.00.
FOFCU B offers a better option for using checks.
GO The total cost of using Bank A is more than using FCU B.
HO An ending balance of $250.00 at Bank A costs $5.00.
Transcribed Image Text:Review the table with fees for Bank A and Federal Credit Union (FCU) B. Monthly Fee Minimum Balance Bank A $5.00 when ending balance is less than $1000.00 No minimum required 20 free, then $2.50 at any ATMs 30 free checks per month FCU B $10.00 to open with no monthly fees $50.00 ATM Fee Free at FCU ATMs, $2.00 at non-FCU ATMs Check Fee Unlimited free checking Overdraft Fee $25.00 per overdraft $10.00 for first; $30.00 for all others Interest on Balance 0.2% monthly interest for the whole month if ending balance is greater than $500.00 0.3% monthly interest for the whole month if ending balance is greater than $1000.00 Which statements are true? Select all that apply. AO Two overdrafts per month cost more at FCU B. BO Three overdrafts per month cost more at Bank A. CO FCU B does not charge for cash withdrawals at any ATM. An ending balance of $2000.00 at FCU B earns $6.00. An ending balance of $2000.00 at Bank A earns $40.00. FOFCU B offers a better option for using checks. GO The total cost of using Bank A is more than using FCU B. HO An ending balance of $250.00 at Bank A costs $5.00.
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