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:

Schedule

A detailed plan or listing, often used in accounting to organize financial information, activities, or obligations.

Effective Interest Method

A way of amortizing the cost of a bond premium or discount over its life, giving a constant rate of interest over the period.

Issued

Refers to the total number of shares that have been allocated by a company and are held by shareholders.

Market Rate

The prevailing interest rate available in the marketplace for securities or loans, which can fluctuate based on supply and demand, inflation, and other economic factors.