Question

What factors do you think result in the relationship between neighborhood demographics and the cost of an overdraft fee? Explain your reasoning

Answer 1

The factors which result in the relationship between neighborhood demographics and cost of an overdraft fee is the number of people living in the location.

Neighborhood demographics refers to the details of people living in a specific states, city or town.

The overdraft fee refers to the service fees that are charged by banks for customers uses of its overdraft service.

The overdraft fee of banks in different location might varies because of the numbers of banks users in the location.

If the bank users in the location are high, the cost of overdraft fee may be set at low price because of the number advantage.

Therefore, the factors which result in the relationship between neighborhood demographics and cost of an overdraft fee is the number of people living in the location.

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