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A Child Who Understands Hierarchical Classification but Has Never Seen

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True/False

A child who understands hierarchical classification but has never seen illustrations of the solar system would be able to create classifications of planets,suns,and moons in the solar system as easily as a child who is an amateur astronomer.


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Checkbook Balance

The total amount of money available in an individual's checking account, as recorded in their checkbook.

Outstanding Checks

Checks that have been written and recorded in the accounting books but not yet cashed or cleared by the bank.

Automatic Transfer

A banking service that automatically moves funds from one account to another at scheduled times or under specific conditions.

Adjusted Cash Balance

The cash amount shown on a company's books after adjustments have been made for checks outstanding, deposits in transit, and other discrepancies.

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