Which of the Following Is True Regarding What a Bank

question 8

Multiple Choice

Which of the following is true regarding what a bank may do to offer overdraft protection to customers?

• A)Under federal law,the only option open to a bank in the event of a customer's overdraft is to credit the customer's account although no charge may be made for the service.
• B)In regard to overdraft protection a bank may 1)credit a customer's checking account and charge for this service,2)link a checking account to the customer's savings account to cover the overdraft,and 3)link a checking account to the customer's credit card to cover the overdraft.
• C)In regard to overdraft protection a bank may 1)credit a customer's checking account although federal law prohibits charging for this service,2)link a checking account to the customer's savings account to cover the overdraft,and 3)link a checking account to the customer's credit card to cover the overdraft.
• D)Under federal law,the only option open to a bank in the event of a customer's overdraft is to credit the customer's account,and a charge may be made for the service.
• E)In regard to overdraft protection a bank has only two options 1)link a checking account to the customer's savings account to cover the overdraft,and 2)link a checking account to the customer's credit card to cover the overdraft.

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Definitions:

Product Defects

Flaws or deficiencies in a product that fail to meet quality standards or specifications.

Products Returned

Items that are sent back to the manufacturer or seller by the customer, typically due to defects, dissatisfaction, or other reasons.

On-time Delivery

On-time Delivery is the act of receiving goods, services, or task completion from a supplier or a business within the designated or agreed timeframe.

Shareholder Value

Shareholder Value is the value delivered to shareholders of a corporation due to the company's ability to increase sales, earnings, and free cash flow, ultimately leading to higher dividends and stock price.