For Which Item Does a Bank NOT Issue a Debit

question 29

Multiple Choice

For which item does a bank NOT issue a debit memorandum?

• A) To notify a depositor of all withdrawals through an ATM.
• B) To notify a depositor of a fee assessed to the depositor's account.
• C) To notify a depositor of an uncollectible check.
• D) To notify a depositor of periodic payments arranged in advance, by a depositor.
• E) To notify a depositor of a deposit to their account.

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Definitions:

Business for Social Responsibility

An organization and movement that works with businesses to create a just and sustainable world by encouraging them to integrate social and environmental responsibility into their operations.

Dumping

The practice of selling goods in a foreign market at a price lower than their normal value, often as a means of driving out competition or disposing of surplus stock.

Anticompetitive

Practices or policies that restrict or restrain competition in a market, often considered unfair or unethical.

Bribery

The practice of offering, giving, receiving, or soliciting something of value to influence the action of an official or other person in charge of a public or legal duty.