Asked by
Nikhil Rajulapati
on Nov 14, 2024Verified
Which one of the following would not cause a bank to debit a depositor's account?
A) Bank service charge
B) Collection of a note receivable
C) Wiring of funds to other locations
D) Checks marked NSF
Bank Service Charge
Fees charged by banks for handling specific types of transactions, account maintenance, or services rendered.
Note Receivable
A written promise that requires one party to pay a specified sum of money to another party on a set date or on demand.
Depositor's Account
A financial account held at a bank or financial institution, into which a depositor can deposit and withdraw money.
- Recognize the participants in transactions facilitated by checks.
Verified Answer
KE
Learning Objectives
- Recognize the participants in transactions facilitated by checks.