Alex has not been keeping his banking records up to date. On his latest bank statement, he found that he had been charged an overdraft fee for writing a bad check. In addition to his being charged a fee, which of these is another possible consequence of an overdraft? The bank will close the merchant's account. The merchant who received his check will be charged an overdraft fee. The bank will cancel his debit card. The merchant who received his check will expect repayment and a penalty fee. Ther

To solve this problem, we need to analyze the consequences of an overdraft situation. 1. **Understanding Overdraft**: An overdraft occurs when a bank account has insufficient funds to cover a transaction, leading to a negative balance. This often results in fees and other consequences. 2. **Evaluating the Options**: - **The bank will close the merchant's account**: This is unlikely because the merchant's account is separate from Alex's account. The bank typically does not close a merchant's account due to a customer's overdraft. - **The merchant who received his check will be charged an overdraft fee**: This is also unlikely. The merchant's account is not directly affected by Alex's overdraft; they may face issues if the check bounces, but they wouldn't be charged an overdraft fee by their bank for Alex's actions. - **The bank will cancel his debit card**: While this could happen in severe cases of mismanagement, it is not a standard consequence of a single overdraft. - **The merchant who received his check will expect repayment and a penalty fee**: This is a likely consequence. If Alex wrote a bad check, the merchant would expect repayment for the amount of the check and may also impose a penalty fee for the inconvenience caused. 3. **Conclusion**: The most plausible consequence of Alex's overdraft, in addition to the fee charged by the bank, is that the merchant who received his check will expect repayment and a penalty fee. Thus, the correct answer is: **The merchant who received his check will expect repayment and a penalty fee.**