____________ Is Defined as the Sum of All the Perceived

question 12

Multiple Choice

____________ is defined as the sum of all the perceived benefits minus the sum of all the perceived costs of service.

• A) Net value
• B) Consumer surplus
• C) Gross value
• D) Moderate value
• E) Consumer demand

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Definitions:

Bank Error

A mistake made by a bank in accounting transactions, deposits, withdrawals, or charges.

NSF Check

A non-sufficient funds (NSF) check is a check that cannot be processed because the account from which the funds are drawn does not have enough funds.

Adjusted Cash Balance

The cash balance reflected in the books after adjustments have been made for checks issued, deposits in transit, and other discrepancies.

Check Register

A record maintained by an account holder to keep track of checks written, deposits made, and current account balances.