According to a Survey of Adults,64% Have Money in a Regular

question 112

Multiple Choice

According to a survey of adults,64% have money in a regular savings account.If we plan on surveying 50 randomly selected adults,find the mean number of adults who would have regular savings accounts.

• A)12
• B)22
• C)32
• D)42

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Definitions:

Requirements

Conditions or specifications that must be met or complied with.

Preauthorized Payments

Financial transactions that are scheduled to recur at predetermined intervals, where funds are automatically transferred from an individual's bank account or credit card to pay for services or goods.

EFTs

Electronic Funds Transfers, which refer to the digital transfer of money between accounts, often across banking institutions, without the need for physical exchange of cash.

Bank's Obligation

The legal and ethical duties a bank owes to its customers, including confidentiality, fair treatment, and the proper handling of transactions.