BANNONE Tabs 2 BARN ONE wat we
Choose a cheaper channel
ve banda
CAN WITHDRAWAL
Forticipating care pot sale
Unid
BANK ONL ATM
Roper R100.00
BANK-ONE Hann
Chequo encashment
R400 per 1066
F50.00 2.00 per
addition
services Too
Another banks ATM
R2.00
RB,00
R100.00
R50,00
R100,00
.
International ATM
R2,00 por
(2)
1.5.3
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.
Use the fee structure in Table 2 to show how the bank withdrawal fee of
branch. (Just for info - the fee was reflected in the bank statement in table i
R150,00 was calculated when a withdrawal of R5000,00 was done at the the
on 20/05/2019).
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 Calculate the amount that was withdrawn.
(2)
1.5.4
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 W 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)
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