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

1 answer:

8 0

The most likely impact on John's account is that a. John's Savings account balance declined by $50 and his Checking account balance increased by $50.

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

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 other options are wrong because:

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

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

Find out more at brainly.com/question/22980921.

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