Lloyd's account has a balance of −$53.50. If he owes the bank more than $40, his account gets closed. Which of the following is true about Lloyd's account?
It stays open, because |−53.50| > 40
It gets closed, because |−53.50| < 40
It stays open, because |−53.50| < 40
It gets closed, because |−53.50| > 40