Victor Read the Fine Print for a Checking Account He

question 49

Multiple Choice

Victor read the fine print for a checking account he was thinking about using. The fine print said, "A minimum balance of $500 is required. If your balance falls below this level, you will be assessed a monthly fee of $10." Since Victor was planning to keep only a $50 balance in his account, how much could he be charged each year?

• A) $0.00
• B) $10.00
• C) $50.00
• D) $60.00
• E) $120.00

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