A Deposit Received by the Bank Will

question 102

Multiple Choice

A deposit received by the bank will:

• A)debit the company's bank account.
• B)credit the company's bank account.
• C)debit the cash account on the company's books.
• D)credit the cash account on the company's books.

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Definitions:

Political Risks

The possibility of losses to a business due to changes in a country's political environment or policies.

North American Free Trade Agreement

A trilateral trade agreement between the United States, Canada, and Mexico aimed at eliminating tariffs and reducing trade barriers.

Cross-Border Trade

International trade involving the exchange of goods, services, and capital across national borders.

Cross-Border Trade

The exchange of goods or services between individuals, companies, or governments from different countries.