Question: 1. Evaluate the activity you generated in your checking account last month. How many home debits, transit checks, and deposits did you create? Include an
1. Evaluate the activity you generated in your checking account last month. How many home debits, transit checks, and deposits did you create? Include an estimate of how many times you used an automated teller machine (ATM). What interest did you earn |
on your balance and what fees did you pay? Use the data from Exhibit 12.3 to determine the bank’s break-even deposit balance without insufficient funds (NSF) check charges. Given the amount of your bank’s NSF charge per item, how many NSF check charges must a bank collect for your account to be profitable?
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