On March 14 Michael wrote checks to the electric company for $134.85 and to his dentist for $145.If both checks arrive at the bank on March 17 and Michael has only $230 in his account,the bank may choose which check to pay,or it may pay both checks even if that causes an overdraft.

Question

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This statement is true. The bank may choose to pay one or both of the checks, even if it causes an overdraft. It is possible that the bank may decide to pay both checks and impose an overdraft fee on Michael's account for the amount that exceeds his balance.

On March 14 Michael Wrote Checks to the Electric Company