Deposits in Transit

question 12

Multiple Choice

Deposits in transit

• A)have been recorded on the depositor's books but not yet by the bank.
• B)have been recorded by the bank but not yet by the depositor.
• C)have not been recorded by either the bank or the depositor.
• D)are customers' cheques that are in the mail but have not yet been received by the depositor.

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Definitions:

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Economic Recession

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Social Cognitive Theory

A theoretical framework that suggests learning occurs in a social context with a dynamic and reciprocal interaction of person, environment, and behavior.

Degree

An academic award conferred by a college, university, or other educational institution upon completion of a course of study.