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:

Inductive Argument

A form of reasoning where the conclusion is supported by the premises but is not guaranteed to be true.

Deductive Argument

A logical process where the conclusion is based on the concordance of multiple premises that are generally considered to be true.

Conclusion

The final part of something, especially a summary of the arguments or a final decision reached after reasoning.

Cogent

An argument that is convincing or believable by virtue of clear, logical presentation.