____________ Customers Need High Levels of Service,often with Quick and Reliable

question 3

Multiple Choice

____________ customers need high levels of service,often with quick and reliable response times,and are willing to pay for the privilege.

• A)basic needs
• B)risk avoider
• C)hand holder
• D)intermediate needs
• E)advanced needs

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Definitions:

Outstanding Deposits

Money that has been deposited into a bank account but has not yet been processed or credited to the account.

Outstanding Check

One that has been written but hasn’t yet cleared the bank and been charged to the customer’s account.

Adjusted Cash Balance

An amount reflecting the true cash balance after accounting for outstanding checks or deposits in transit.

Check Register

A check register is a record book used to track checks written, deposits made, and the current balance of a checking account.