global exchange bank\nmonthly maintenance fee: $15 waived with a minimum daily balance of $1,000 with…

global exchange bank\nmonthly maintenance fee: $15 waived with a minimum daily balance of $1,000 with monthly direct deposits of $1,000\natm fee: $0 for in - network and international atms; $3 out - of - network\ndomestic atms\noverdraft fee: $35 per occurrence\nminimum balance fee: $10 if the balance falls below $500\nwire transfer fee: free for domestic, $20 for international\nsavings account interest rate: 0.4% annual percentage yield (apy)\nspecial feature: offers multi - currency accounts and favorable exchange rates\n\na global exchange bank customer has a balance of $3,000, uses an in - network atm twice, and makes one overdraft. they also receive a direct deposit of $2,500.\nwhat are their total fees?\n$41\n$35\n$56\n$60

global exchange bank\nmonthly maintenance fee: $15 waived with a minimum daily balance of $1,000 with monthly direct deposits of $1,000\natm fee: $0 for in - network and international atms; $3 out - of - network\ndomestic atms\noverdraft fee: $35 per occurrence\nminimum balance fee: $10 if the balance falls below $500\nwire transfer fee: free for domestic, $20 for international\nsavings account interest rate: 0.4% annual percentage yield (apy)\nspecial feature: offers multi - currency accounts and favorable exchange rates\n\na global exchange bank customer has a balance of $3,000, uses an in - network atm twice, and makes one overdraft. they also receive a direct deposit of $2,500.\nwhat are their total fees?\n$41\n$35\n$56\n$60

Answer

Explanation:

Step1: Determine monthly maintenance fee

The monthly maintenance fee is waived with a minimum daily balance of $1,000. Since the balance is $3,000, the monthly - maintenance fee is $0.

Step2: Calculate ATM fees

There are 2 in - network ATM uses (no fee) and 0 out - of - network ATM uses (no fee for in - network ATMs and no out - of - network uses here). So ATM fee is $0.

Step3: Calculate overdraft fee

There is one overdraft, and the overdraft fee is $35 per occurrence. So the overdraft fee is $35.

Step4: Calculate total fees

Total fees = Monthly maintenance fee+ATM fees + Overdraft fee = $0 + $0+ $35=$35.

Answer:

$35