All of the Following Are Reasons Why a Transaction May

question 109

Multiple Choice

All of the following are reasons why a transaction may have been reflected in the company's accounting records but not by the bank,except

• A)a cheque has been written but the receiving company did not deposit it yet.
• B)bank has charged service fees.
• C)the company made a deposit on the last day of the month.
• D)the company recorded a payment received however forgot to deposit the cheque.

---

Definitions:

Fiscal Policy

Government use of taxation and spending policies to influence economic conditions, including aggregate demand, employment, and inflation.

Central Bank

A national financial institution that provides banking services to the government and commercial banks of a country, and is responsible for the nation's monetary policy and currency issuance.

Policy Lags

The delay between the identification of a need for economic policy intervention and the actual effect of the policy on the economy.

Stabilization Policies

Government strategies aimed at maintaining economic stability by reducing inflation and unemployment.