An NSF Check Should Appear in Which Section of the Bank

question 10

Multiple Choice

An NSF check should appear in which section of the bank reconciliation?

• A)Deductions from the balance per books
• B)Deductions from the balance per bank
• C)Additions to the balance per books
• D)Additions to the balance per bank

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Definitions:

Negative Externalities

Unintended adverse effects or costs imposed on a third party or the environment as a result of an economic activity.

Opt Out

The action of choosing not to participate in something.

Information about Buyers

Details or data regarding consumers’ preferences, purchasing history, and behavior patterns, important for marketing and sales strategies.

Moral Hazard

The situation where one party can take risks because they know that they will not bear the consequences of their actions, often seen in situations where individuals or institutions are protected by insurance or other safety nets.