Answer:
The correct answer is option C.
Explanation:
The points on the production possibility curve show the efficient utilization of resources. The points below the curve show attainable but inefficient bundles. This is because the points below the curve imply that resources are not fully utilized and there are still some excessive resources left.
The points above the curve show those bundles that are unattainable. This is because these bundles need more resources to be achieved.
Overdraft is a facility provided by bank to make expenses more than that of the balance present in the account of customers. This facility is provided to certain specified customers with high credibility.
Given
Balance is $202.86
Note: Payments will be recognized in descending order because it is the policy of bank to record the highest transaction first.
Payments made are :
$113.92
$80.73
$35.24
$16.89
<h3>Calculations</h3>
Therefore Shakira will be allowed to overdraw from the account as the amount of overdraft is less than $50.
Elaborating further, When we deduct the payments from the balance in descending order we reach on a conclusion that there will be 2 overdrafts made because after deducting $113.92 and $80.73 from the balance amount of $202.86 there will be 2 payments pending amounting $35.24 and $16.89 from the left balance of $ 8.21.
Therefore the correct option will be OPTION B i.e. 2 overdrafts.
Learn more about overdrafts here:
brainly.com/question/14182019
When supplies of goods and service are plentiful, the prices usually drop but when they are scarce, prices start rising.
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