A Statement of Account Issued by a Bank to Each

question 7

Short Answer

A statement of account issued by a bank to each depositor once a month is known as a(n)____________________.

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Definitions:

Duty

A legal or moral obligation to act or refrain from acting in a certain way.

Standard

A set of established criteria, guidelines, or definitions used to measure or compare the quality, quantity, or value of products, services, or practices.

Duty of Care

A responsibility mandated by law, compelling a person to maintain a level of carefulness in behaviors that might predictably injure others.

Invitee

A person who is invited onto someone's property for the owner's benefit, often related to business or commerce, and is owed a high duty of care.