A Debit Memorandum Would NOT Be Issued by the Bank

question 40

Multiple Choice

A debit memorandum would NOT be issued by the bank for

• A) certifying cheques.
• B) the issuance of traveller's cheques.
• C) transferring funds to other locations.
• D) an electronic funds transfer received from a customer's account.

---

Definitions:

Reality Principle

The concept in psychoanalytic theory that the mind functions to mediate between the demands of the id and the realities of the external world.

Individualism

An outlook within society that upholds the importance of individual autonomy against the backdrop of communal or state intervention.

Collectivism

A social and cultural orientation that emphasizes the priority of group needs over individual desires or goals.

Extraversion

A personality trait characterized by outgoingness, high energy, and enjoyment in social interactions, often contrasted with introversion.