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Which of the following is NOT true of schooling in Great Britain?
Outstanding Checks
Checks that have been written and recorded in the account balance but have not yet been cashed or cleared by the bank.
Outstanding Deposit
Funds that have been received but not yet processed by a financial institution.
Bank Statement Balance
The total amount of money that is available in a bank account at a particular point in time, as recorded by the bank.
Checkbook Balance
The current total amount of funds available in a checking account, reflecting all transactions that have been recorded in the checkbook ledger.
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