A Bank Collected $200 on Behalf of Its Customer

question 25

Multiple Choice

A bank collected $200 on behalf of its customer. The $200 should appear on the bank reconciliation as:

• A)added to the book balance.
• B)The collection would not appear on the bank reconciliation.
• C)deducted from the book balance.
• D)added to the bank balance.

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Definitions:

Discouraged Workers

Individuals who would like to work but have given up looking for a job.

Marginally Attached Workers

Individuals who are not in the labor force, want and are available for work, and have looked for a job sometime in the past 12 months but not in the four weeks preceding the survey.

Bureau of Labor Statistics

The Bureau of Labor Statistics is a government agency that collects, analyzes, and disseminates various data related to employment, wages, and other economic indicators in the United States.

Official Unemployment Rate

The percentage of active job seekers within the labor force who are presently without a job.