When Using an ATM,keep in Mind That

question 114

Multiple Choice

When using an ATM,keep in mind that

• A)computer errors can occur.
• B)it is never safe to deposit cash in an ATM.
• C)you should report electronic transaction mistakes to the bank immediately.
• D)human problems in handling the transactions can occur.
• E)All of the above are correct.

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Definitions:

Credit

A financial agreement where a borrower receives something of value now and agrees to repay the lender at a later date, often with interest.

Equity Account

An account representing the owner's or shareholders' interest in a company, reflected in the capital stock, retained earnings, and contributed surplus on the balance sheet.

Unearned Revenue

Money received by a company for products or services yet to be delivered or performed, recorded as a liability on the balance sheet until earned.

Retained Earnings

The segment of net income that is not issued as dividends, reserved by the company for reinvestment in its essential business or for settling debts.