Asked by Maria Sanchez on Apr 29, 2024
Verified
Record of checking account activity sent to a customer,usually on a monthly basis
A) ABA number
B) agent
C) ATM
D) bank statement
E) cashier's check
F) certified check
G) check register
H) checking account
I) currency
J) deposit
Bank Statement
A document issued by a bank that summarizes an account holder's transactions and financial activity over a specified period.
Checking Account
A bank account that allows for numerous withdrawals and deposits, intended primarily for daily transactions.
Check Register
A record book used to track checks written, deposits made, and the current balance of a checking account.
- Understand the structure and purposes of various checking account-related documents and instruments, such as bank statements, cashier's checks, and certified checks.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
D
Explanation :
A bank statement is a record of all transactions in a checking account, typically sent to the account holder every month. It includes all deposits, withdrawals, fees, and other account activity.
Learning Objectives
- Understand the structure and purposes of various checking account-related documents and instruments, such as bank statements, cashier's checks, and certified checks.
Related questions
Bank Account into Which Money May Be Deposited and Checks ...
A Bank Statement Obtained Through an ATM Usually Contains the ...
Record Showing the Check Number,person to Whom Check Is Paid,amount ...
Type of Check in Which the Purchaser Pays the Bank ...
Money Produced by the Federal Reserve in the Form of ...