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Refer to the figure. This sequence of images and graphs illustrates the phenomenon of
Bank Statement
A document or record provided by a bank, detailing all transactions in an account over a specific period.
Checkbook Balance
The amount of money available in an account, tracking all deposits and withdrawals recorded in the checkbook register.
Outstanding Checks
Checks that have been written and recorded in the issuer's accounting records but have not yet been cleared by the bank.
Automatic Transfer
A banking service that moves funds automatically from one account to another at scheduled intervals or under specific conditions.
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