Answered

  1. Each of these is a way to get money INTO your checking account
    EXCEPT...
    1 point
    O Deposit a check through an ATM
    Do an electronic transfer from another
    Send cash in the mail to the bank
    Do a mobile check deposit
    2. Which term from your bank statement represents the amount of money
    you have in your account at a given point?
    Reference number
    Deposit
    Withdrawal
    Balance
    3. What is an overdraft fee?
    Fee for using out-of-network ATM
    Fee for withdrawing more money than you have in your account
    Fee for writing a check
    Fee for going below your minimum balance requirement
    1 point
    1 point

Verified Answer :

GinnyAnswer

Final answer:

Debit and credit cards facilitate transactions but are not money; special college cards function like debit cards and contribute to the money supply. Overdraft results from spending more than available funds, incurring additional fees.


Explanation:

Debit cards enable direct fund transfers from a checkable account to a merchant and immediately deduct the purchase amount from the user's account, different from credit cards that involve borrowing money. Both credit and debit cards are not money themselves but represent instructions to transfer funds.

In the college context, special cards used by students to make purchases rely on deposited money. These cards, functioning similarly to debit cards, would count as part of the money supply because the funds are readily available for transactions.

Overdraft occurs when an account holder withdraws more money than available, leading to potential fees imposed by the bank for the negative balance.


Learn more about debit cards, college cards, overdraft here:

https://brainly.com/question/2028425


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