question 3 of 5\nfinancial institutions charge a fee for an overdrawn account because \n○ you have spent…

question 3 of 5\nfinancial institutions charge a fee for an overdrawn account because \n○ you have spent more money than you had in an account\n○ you havent deposited any money in a month\n○ overdrawn accounts are considered premium and offer more options\n○ all accounts have yearly fees associated with them

question 3 of 5\nfinancial institutions charge a fee for an overdrawn account because \n○ you have spent more money than you had in an account\n○ you havent deposited any money in a month\n○ overdrawn accounts are considered premium and offer more options\n○ all accounts have yearly fees associated with them

Answer

Brief Explanations:

An overdrawn account means the account holder has spent more money than was available in the account. Financial institutions charge a fee for this as it involves the institution covering the short - fall, which is a risk for them. The other options do not accurately describe the reason for an overdraft fee.

Answer:

A. you have spent more money than you had in an account