Which of the Following Events Would Cause a Bank to Debit

question 183

Multiple Choice

Which of the following events would cause a bank to debit a depositor's account?

• A) The depositor authorizes the bank to charge the depositor's account $50 for new checks.
• B) The bank collects a note receivable and related interest on the depositor's behalf.
• C) The depositor determines there are outstanding checks drawn on the account at month-end.
• D) The depositor determines there are deposits in transit on the account at month-end.
• E) The bank determines it incorrectly charged the depositor's account twice for the monthly service charge in a previous month.

---

Definitions:

Locus of Control

A psychological concept that refers to individuals' beliefs about the extent to which outcomes in their lives are controlled by internal versus external factors.

External Locus

A perspective that attributes success and failure to external factors and circumstances beyond one's personal control.

Identity Formation

The process during which individuals explore, question, and eventually commit to various aspects of their identity, including personal, social, and cultural dimensions.