ATUT Anniene
autor 2010

BANK-ONE uses the pricing yuido in Table 2 ter the current account
Tablo 2: BANK-ONE current account
Ant banking
Choose a choapor channol ATM card
Branch
Savo on bank foos
CASH WITHDRAWALS
Participating retailer point-of-salo Unlimited
BANK-ONE ATM
R2,00 per R100,00
BANK-ONE Branch
R50 + R2,00 por R100,00
Cheque encashment
R50,00 + R2,00 por R100
in addition to cheque
services fees
Another bank's ATM
R8,00 R2,00 per
R100,00
International ATM
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?
(2)
(2
)
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).
(2)
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 Calculate the amount that was withdrawn.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 W1 R0.012, where is the Korean Won.
1.6.1
Determine the amount of money he will pay in Korean won.
(3)
1.6.2
State whether the Korean won is stronger or weaker than the rand.
(2)
נר רז​