Part I
The Scenario:
When the day begins, Mary has $70 in her checking account, and she has overdraft protection
Before work she buys her cousin a round trip bus fare for $10 using her debit card
She then uses the card to get gas in her car for $60
Then she buys groceries with a check of $70.
Then she uses her debit card to buy a $2 coffee
Then she goes to buy a donut for $1 using her card
Finally, she finishes out the day with some shopping to buy new makeup for $30 using her debit card at the store
Compare ABC bank and XYZ bank when
ABC charges $37 overdraft transactions up to 3 a day, no reorder of transactions
XYZ charges $33 overdraft transactions up to 6 a day and reordering transactions from higher to low
Find Balance at the end of the day with each bank
Mary’s balance with ABC bank is ______________
Mary’s balance with XYZ bank is ______-__________
Which bank do you recommend for Mary?________________
Which bank would you choose and why?__________________
Need answers ASAP please it would be greatly appriciated