After Reconciling Her Checkbook with Her Bank Statement, Mrs

question 19

Multiple Choice

After reconciling her checkbook with her bank statement, Mrs. Taylor found that she had transposed a check for $127.18 and instead recorded the check as $172.18. If her checkbook balance shows $1,593.45, what should it be?

• A) $1,548.45
• B) $1,593.45
• C) $1,638.45
• D) $1,693.45

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Definitions:

Annual Premium

The total amount that must be paid per year to keep an insurance policy active.

Car Insurance

A type of insurance policy that provides financial protection against physical damage or bodily injury resulting from vehicle collisions and against liability that could also arise.

Brake Efficiency

A measure of how effectively a vehicle's braking system converts the driver's input into stopping power.

Insurance Policy

A contract between an individual or entity and an insurance company, detailing the terms for the payment of claims by the insurer to the insured.