The Information That the Bank Knows About an Account,but Is

question 23

Multiple Choice

The information that the bank knows about an account,but is not known by the account holder,includes:

• A) the checks written and mailed by an account holder but have not been received by the bank.
• B) the amount of any direct payments made in the account by the account holder's customers.
• C) deposits that the account holder has mailed or made after bank closing.
• D) the sum of cash inflows and cash outflows recorded in the holder's accounting records.

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Definitions:

Indirect Exporting

A method of entering a foreign market by selling products to an intermediary, who in turn sells the products to foreign customers.

Intellectual Property

Legal rights given to individuals or organizations over creations of the mind, such as inventions, literary and artistic works, designs, and symbols.

Intermediary

An entity or person that acts as a link between different parties in a business transaction.

Indirect Exporting

A business strategy where a company sells its products overseas through intermediaries instead of dealing with foreign markets directly.