Answered

Laurie checks her monthly bank statement and notices a negative balance. What is the most likely reason for this?

A. Laurie was overcharged for a purchase.
B. Laurie spent more money than was in the account.
C. Laurie's employer forgot to deposit her payroll check.
D. Laurie's friend requested money through a mobile payment app.



Answer :

GinnyAnswer

Final answer:

Spending more money than in your account can result in a negative balance, leading to transaction rejections or overdraft fees.


Explanation:

Spending more money than is available in an account can lead to a negative balance. Banks may reject transactions or charge overdraft fees in such cases, emphasizing the importance of managing finances carefully.


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