Which of the Following Is the Least Expensive Way of Protecting

question 162

Multiple Choice

Which of the following is the least expensive way of protecting yourself from fees should you overdraft your checking account.

• A)An automatic funds transfer agreement
• B)An automatic overdraft loan agreement
• C)Opt-in overdraft/bounce protection
• D)Paying the overdraft/bounced check fee

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Definitions:

Independent Contractors

Individuals or entities that provide services to another entity under terms specified in a contract, not classified as employees by the hiring company.

Workers

Individuals engaged in physical or mental labor, especially those employed in various sectors of an economy to perform jobs for wages.

Formal Agreement

A legally binding contract or arrangement between two or more parties, often documented in writing.

Agency Relationship

An arrangement where one party, the agent, is authorized to act on behalf of another, the principal, in business transactions.