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galben [10]
2 years ago
15

5. What is the impact of the Online Funds Transfer - From Savings that appears on John's statement?

History
1 answer:
erastova [34]2 years ago
8 0

The most likely impact on John's account is that <em>a. John's </em><em>Savings account </em><em>balance </em><em>declined by $50</em><em> and his</em><em> Checking account</em><em> balance i</em><em>ncreased  by $50.</em>

The description of the transfer says, " From Savings," which means that the transfer was done from John's saving account. This would therefore <u>reduce his savings account. </u>

As the only other account mentioned is the Checking account, the money must have gone to the Checking account which means that the Checking account will increase.

The <u>other options are wrong</u> because:

  • <em>If the transfer came from the Savings, the Savings account would not increase</em>
  • <em>The Savings account cannot have "no change" because money was taken from it </em>

In conclusion, the transfer was from John's Savings account so the Savings must have decreased and the Checking Account increased.

<em>Find out more at brainly.com/question/22980921.</em>

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