Which of the Following Is Correct

question 91

Multiple Choice

Which of the following is correct?

• A) Canceled checks are typically returned to customers.
• B) Overdraft protection is a loan banks make for their checking customers whose balances are positive.
• C) Bank customers typically are provided with online access to view and print checks that have been paid.
• D) Overdraft protection is usually more costly than fees charged for checks with insufficient funds.
• E) Checking account packages with many services included for a single fee usually are a good value even if you don't use many of the services in the package.

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Definitions:

Inferior Good

A type of good for which demand decreases as the consumer's income increases, contrasting with normal goods.

Less Durable

Describes goods or products that have a shorter usable lifespan before they degrade, wear out, or become obsolete.

Inferior Goods

Products whose demand decreases as the income of consumers increases, due to the availability of better or more desirable alternatives.

Income

The financial gain that an individual or business receives, typically through employment, investment, or business ventures.