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"Milk,cereal,candy." Your roommate begins reciting items as you get ready to leave to the store.He continues to list a few more items.Finally,he wraps up: "Spaghetti sauce,dish liquid,and ice- tea mix." You forget a few things,but the spaghetti sauce,dish liquid,and ice-tea mix are in the bag.Your memory for these items reflects the _____ effect.
Direct Deposits
Direct Deposits involve the electronic transfer of a payment directly from the account of the payer to the recipient's account, commonly used for payroll or benefit disbursements.
Float Time
The period between when a bank check is written and when it is actually withdrawn from the payer's account, typically used to advantage cash flow.
Unauthorized Payment
A transaction made without the consent or authorization of the account holder.
Bank Statement
A document issued by a bank detailing transactions, balances, and other financial information over a period of time for a specific account.
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