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:

Domestic Corporation

In a given state, a corporation that is organized under the law of that state.

Corporate Veil

A legal concept that separates the personality of a corporation from the personalities of its shareholders, and protects them from being personally liable for the company's debts and other obligations.

Corporate Privilege

A legal principle that allows corporations to withhold certain confidential communications from disclosure, often relating to legal advice.

Directors

Members of a company's board responsible for making strategic decisions, overseeing management, and ensuring corporate governance.