John Has Overdraft Protection Which Has a Fee of Five

question 81

Multiple Choice

John has overdraft protection which has a fee of five dollars per use and a 21 percent annual interest charge.NSF fees at his bank are $35.This month John's unexpected car expense caused his account to become overdrawn by $1200 for 14 days until his pay cheque was deposited.What was the total expense for John in this circumstance?

• A)$35.00
• B)$70.00
• C)$14.67
• D)$9.67

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Definitions:

Causal Explanations

Reasoning that seeks to understand the cause-and-effect relationships between variables or events.

Behavioral Persistence

Continuation of behavior even in the face of obstacles or after the initial motivation has gone.

Self-instruction Training

A cognitive behavioral technique where individuals are taught to guide their own actions through self-directed statements or questions.

Overt External Guidance

Visible and outward guidance or instruction provided to help direct or control actions or behaviors.