A Communication Addressed to the Debtor Requesting Him or Her

question 130

Multiple Choice

A communication addressed to the debtor requesting him or her to confirm whether the balance as stated on the communication is correct or incorrect is a

• A)legal confirmation.
• B)negative confirmation.
• C)positive confirmation.
• D)bank confirmation.

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Definitions:

Confidence Interval

A span of numerical values, calculated from sample data, speculated to potentially contain the value of an unknown population parameter.

Population Proportion

The portion of a population that possesses a certain property or characteristic.

Drowsiness

A state of feeling abnormally sleepy or tired, often a symptom of a condition or result from certain medications, substances, or health issues.

Error of Estimation

The difference between an estimated value and the true value, reflecting the degree to which an estimation method may deviate from accuracy.