Question 7 (1 point) What is the impact of the Online Funds Transfer - From Savings that appears on John's statement?
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John's Savings account balance increased by $50 and his Checking account balance had no change
John's Savings account balance had no change and his Checking account balance declined by $50
John's Savings account balance declined by $50 and his Checking account balance increased by $50
John's Savings account balance increased by $50 and his Checking account balance declined by $50

John's Savings account balance declined by $50 and his Checking account balance increased by $50

Explanation:

The checking account statement shows that there was an online funds transfer from Savings into the checking account.

The checking account will therefore increase by $50 because money was transferred into it and therefore added to its balance. The savings account on the other hand, will reduce by the same amount because it transferred the money into another account.

what do you mean.why did u repeat the question.