For Which Item Does a Bank NOT Issue a Debit

question 43

Multiple Choice

For which item does a bank NOT issue a debit memorandum?

• A)To notify a depositor of all withdrawals through an ATM.
• B)To notify a depositor of a deduction to a depositor's account.
• C)To notify a depositor of a bounced check.
• D)To notify a depositor of periodic payments arranged in advance,by a depositor.
• E)To notify a depositor of a deposit to their account.

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Definitions:

Business Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business venture in pursuit of profit.

Planters

Large-scale farmers who owned significant amounts of land and typically utilized slave labor before the Civil War in the United States.

Public Schools

Educational institutions that are primarily funded and managed by local, state, or national governments, and free of charge for the children of a community.

Redeemers Power

Refers to the political power exerted by the Redeemers, a coalition of pro-business, white Democrats who sought to reclaim control from Republican reconstruction governments in the South after the Civil War.