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:

Economic Difficulties

Challenges or hardships related to financial aspects of life, such as unemployment, inflation, or inability to meet personal or organizational financial obligations.

On-the-Job Training

The method of providing practical training to employees at their workplace while they are doing their actual job.

Population Density

The measure of the number of individuals living in a given area, usually expressed per square kilometer or square mile.

Uncertainty Avoidance

A cultural dimension that describes the extent to which people in a society are uncomfortable with ambiguity and risk.