Records That Must Be Retained for Deposit Accounts Include Which

question 365

Multiple Choice

Records that must be retained for deposit accounts include which of the following?

• A) Average daily balance
• B) Overdraft history
• C) All amounts of currency deposited or withdrawn
• D) Customer's TIN

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Definitions:

Family

A social unit or group of people related by blood (consanguinity), marriage (affinity), or adoption, bound by shared values, traditions, culture, and love, often living together and supporting one another.

Community

A group of people living in the same place or having a particular characteristic in common, or a feeling of fellowship with others.

Culture

The shared values, beliefs, norms, customs, arts, history, folklore, and institutions of a group of people that are transmitted from one generation to another.

Information Processing Perspective

A theory in psychology that likens the human mind to a computer, focusing on how information is taken in, used, and stored.