In Banking Terminology, a Creditor-Debtor Relationship Is Created When a Customer

question 59

Multiple Choice

In banking terminology, a creditor-debtor relationship is created when a customer ________.

• A) fails to maintain adequate funds in his bank checking account
• B) makes a deposit into a bank
• C) writes a check against his account
• D) writes a postdated check drawn on his bank

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Definitions:

Eisenhower Administration

The period of American history from 1953 to 1961, when Dwight D. Eisenhower served as the President of the United States, marked by a focus on moderate policies and the Cold War's early years.

Geneva Accords

Agreements reached at the Geneva Conference in 1954, which temporarily divided Vietnam into North and South zones at the 17th parallel and called for national elections to reunify the country.

Reunified

Brought back together into a single entity after having been divided or separated.

National Elections

Elections that determine the leadership and direction of a nation, often including the election of presidents, prime ministers, and legislative bodies.