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22Chloe Campbell
on Oct 15, 2024

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Basic bank services do not include:

A) Bank accounts.
B) Bank deposits.
C) Checking.
D) Electronic funds transfer.
E) Petty cash management.

Electronic Funds Transfer

The electronic exchange or transfer of money from one account to another, either within the same financial institution or across different institutions, through computer-based systems.

Bank Deposits

Money placed into a banking institution for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.

Petty Cash Management

The process of overseeing and controlling the petty cash fund, a small amount of cash on hand used for minor expenses.

  • Distinguish between cash and cash equivalents and identify what qualifies as each.
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Kazushi OkadaOct 17, 2024
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