Lorenzo Is Deciding Between Two Banks for His Chequing Account

question 26

Multiple Choice

Lorenzo is deciding between two banks for his chequing account.Thrift Bank requires a minimum deposit of $100,charges a monthly fee of eight dollars,plus $0.50 per cheque.Merchants Bank also requires a minimum deposit of $100,charges no monthly fee,but charges $1.00 per cheque.How many cheques would Lorenzo need to write each month to make Thrift Bank less expensive to use than Merchants Bank?

• A)16 cheques
• B)8 cheques
• C)24 cheques
• D)12 cheques

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Definitions:

32-Bit Operation

A mode of operation in computing where integers, memory addresses, or other data units are processed in 32-bit chunks.

64-Bit Operation

A computing operation that processes 64 bits of data in a single step, allowing for enhanced performance and the ability to handle more data compared to 32-bit operations.

Continuous Task

A task within a computing or control system that runs indefinitely, without interruption, until it is explicitly stopped.

Periodic Task

This term refers to a scheduled activity in automation or software systems that repeats at fixed times or intervals to perform specific functions or checks.