Which of the Following Statements About the Bank Statement Is

question 6

Multiple Choice

Which of the following statements about the bank statement is NOT true?

• A) The bank statement shows the amount payable by the customer.
• B) The bank statement summarises the activity in a cheque account.
• C) If the customer of the bank has a substantial bank overdraft,the closing balance will normally be a debit.
• D) It is the source document for bank charges.

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Definitions:

Storehouse

Storehouse traditionally refers to a large building where goods are stored, but metaphorically it can describe anything that serves as a repository for large quantities of information or resources.

Memory System

The complex processes and structures within the brain responsible for encoding, storing, and retrieving information.

Sensory Memory

The shortest-term element of memory, which acts as a buffer for stimuli received through the senses and holds information in its original sensory form for a very brief duration.

Short-Term Memory

A cognitive system with a limited capacity that is responsible for the temporary holding of information available for processing.