Jorge Osadas checking account has a balance of $230.24. He plans to make these payments online:rent $550.00cable bill $45.15utility bill $98.47Before making the payments, Jorge transfers $763.38 from his savings to his checking account. What will be the balance of his checking account after all transactions are completed?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Jorge Osada’s checking account has a balance of $230.24. He plans to make these payments online:rent $550.00cable bill $45.15utility bill $98.47Before making the payments, Jorge transfers $763.38 from his savings to his checking account. What will be the balance of his checking account after all transactions are completed?

A	$300
B	$500
C	$450
D	none of the choices

Explanation:

Detailed explanation-1: -The process of balancing your account simply involves listing your debits and credits (deposits and withdrawals), and adding them up to determine your balance. It can be done using pen and paper or money management software.

Detailed explanation-2: -A demand deposit account (DDA) is a type of bank account that offers access to your money without requiring advance notice. In other words, money can be withdrawn from a DDA on demand and as needed. These accounts are most useful for managing everyday spending, paying bills or withdrawing cash.

Detailed explanation-3: -In banking, the account balance is the amount of money you have available in your checking or savings account. Your account balance is the net amount available to you after all deposits and credits have been balanced with any charges or debits.

Detailed explanation-4: -Checking account: A checking account offers easy access to your money for your daily transactional needs and helps keep your cash secure. Customers can typically use a debit card or checks to make purchases or pay bills.

There is 1 question to complete.