QBO Help and Support

question 11

Multiple Choice

QBO Help and Support:

• A)Is essentially the same as the QBO Search icon.
• B)Provides an Advanced Search option useful in reviewing specific transactions.
• C)Is accessed through the ? icon.
• D)Allows a user to view Recent Transactions in more detail.

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Definitions:

Deposit Account

A deposit account is a bank account that allows the holder to deposit and withdraw money, often earning interest, including savings accounts, checking accounts, and other transaction accounts.

Liabilities

Financial obligations or debts that a company or individual owes to others, which must be paid back in the future.

Government Securities

Financial instruments issued by the government to borrow money from the public.

Excess Reserves

The amounts of cash banks hold in reserve over and above the regulatory requirements, which can influence their capacity for lending and overall liquidity in the economy.