Another bank's ATM International ATM
R8,00 + R200 per
R100,00
R50,00 + R2,00 per
R100,00
Use the information on the pricing guide to answer the following questions:
1.5.1 Why do banks charge transaction fees?
1.5.2 Calculate the transaction fees that Mocha will be charged for withdrawing
R600,00 at BANK-ONE ATM.
1.5.3 Use the fee structure in Table 2 to show how the bank withdrawal fee of
R150.00 was calculated when a withdrawal of R5000.00 was done at the the
branch. (Just for info - the fee was reflected in the bank statement in table 1
on 20/05/2019).
1.5.4 Mocha was charged a transaction fee of R186.00 for a cash withdrawal from
a current account at own branch Calculate the amount that was withdrawn
1.6
Mocha bought a Samsung smartphone worth R7 980 online from South Korea
The exchange rate on that date is 1 R0.012. where is the Korean Won
1.6.1 Determine the amount of money he will pay in Korean on.
1.6.2 State whether the Korean won is stronger or weaker than the rand
1231​