Which One of the Following Would Not Cause a Bank

question 173

Multiple Choice

Which one of the following would not cause a bank to debit a depositor's account?

• A) Bank service charge
• B) Collection of a note receivable
• C) Wiring of funds to other locations
• D) Checks marked NSF

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Definitions:

Taxes

Mandatory financial charges or levies imposed by a government on individuals, corporations, and other entities to fund public expenditures.

Inflationary

Pertaining to inflation, describing a situation or trend where prices for goods and services rise over time, diminishing purchasing power.

Government Expenditures

The total amount of money spent by the government in a given period, including spending on goods and services, transfer payments, and interest on debt.

Federal Reserve

The central banking system of the United States, responsible for conducting the nation's monetary policy and regulating its financial institutions.