When a Bank Credits Your Account, It Is Increasing the Balance

question 125

True/False

When a bank credits your account, it is increasing the balance.

---

Definitions:

Government Spending

Expenditures made by the government in any given period, including on services, salaries, and infrastructure projects.

Economic Role

The functions and responsibilities that different entities (individuals, firms, governments) play in the economy.

Government

The governing body of a nation, state, or community which makes and enforces laws, policies, and regulations.

Interest Payments

The amount paid by a borrower to a lender as a charge for the use of borrowed money, typically expressed as an annual percentage of the principal.