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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Suppose you roll a pair of dice.Let A be the event that you observe an even number.Let B be the event that you observe a number greater than seven.
-What is ∪
?
Outstanding Checks
Checks that have been written and recorded in the accounting books but not yet cashed or cleared by the bank.
Automatic Transfer
A banking service that automatically moves funds from one account to another at scheduled times or under specific conditions.
Adjusted Cash Balance
The cash amount shown on a company's books after adjustments have been made for checks outstanding, deposits in transit, and other discrepancies.
Check Register
A record kept by an individual or institution to track checks written, deposits made, and the current balance of a checking account.
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