A Bank Issues a Debit Memorandum

question 102

Multiple Choice

A bank issues a debit memorandum:

• A)To notify a depositor of an EFT.
• B)To notify a depositor of a deduction from a depositor's account.
• C)To notify a depositor of all increases to the depositor's account.
• D)To notify a depositor of an NSF cheque.
• E)To notify a depositor of a deduction from a depositor's account and to notify a depositor of an NSF cheque.

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Definitions:

Pulmonary Circuit

The part of the circulatory system that carries deoxygenated blood from the heart to the lungs for oxygenation, and returns oxygenated blood back to the heart.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to the body.

Left Ventricle

The chamber of the heart that receives oxygenated blood from the left atrium and pumps it out under high pressure through the aorta to the systemic circulation.

Aorta

Large artery that receives oxygenated blood pumped out of the heart’s left ventricle.