Question

William read in his textbook that he should avoid bouncing checks like the plague. He learned the hard way just how true this is. When he wrote a $7.50 check to Subway he only had $6.00 in his checking account and his check bounced. He was astounded at the cost of this first bounced check. If this cost was the same as the national average, what did William pay for bouncing his first check

Answer 1

Answer:

William must have paid about $30 for his bounced check of $7.50.

Explanation:

The bank charges this much in order to deter people from frivolously writing checks that they know would bounce and to pay for the service they render to having to return the bounced.  I think that it is a reasonable charge because some people have refused to learn.  Some others think that they can continue with their duplicity at all times.  There must a way to check their unkind actions of creating unnecessary and irresponsible work.