A Bank Statement

question 74

Multiple Choice

A bank statement

• A) lets a depositor know the financial position of the bank as of a certain date.
• B) is a credit reference letter written by the depositor's bank.
• C) is a bill from the bank for services rendered.
• D) shows the activity which increased or decreased the depositor's account balance.

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Definitions:

Face Value

This is the nominal or dollar value printed on a financial instrument, such as a bond or stock certificate, representing its value at issue.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset or investment returns relative to its mean.

Call Option

A financial contract giving the buyer the right, but not the obligation, to purchase an asset at a specified price within a certain timeframe.

Strike Price

This is the fixed price at which the owner of an option can purchase (in the case of a call option) or sell (in the case of a put option) the underlying security or commodity.