Which of the Following Statements Is Correct

question 67

Multiple Choice

Which of the following statements is correct?

• A) A bank statement is a document from the bank that reports the activity in the customer's account.
• B) A bank statement must be mailed to customers each month.
• C) The bank statement does not include an ending balance of the customer's account because the bank cannot determine which checks have been cashed during the statement period.
• D) Physical copies of canceled checks must be included in the monthly bank statement.

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Definitions:

Family and Medical Leave Act

A U.S. federal law that provides eligible employees with unpaid, job-protected leave for family and medical reasons.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life.

Fair Labor Standards Act

A U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.

Excluded Coverage

Specific situations, conditions, or damages that a insurance policy does not cover.