The cost of a bank overdraft:
A)does not include the interest cost.
B)includes interest cost but not fees.
C)includes interest cost and fees.
D)does not include interest cost but includes bank fees.

Question

Quizplus · Accepted Answer

The cost of a bank overdraft includes both interest cost and fees charged by the bank. Therefore, Option C is the correct answer. Option A is incorrect because interest cost is included. Option B is incorrect because it does not include fees. Option D is incorrect because it does not include interest cost.

The Cost of a Bank Overdraft