Asked by Alysann Lloyd on Jul 27, 2024
Verified
A bank statement obtained through an ATM usually contains the last _____ transactions made on an account.
A) 5
B) 10
C) 15
D) 20
Transactions
Actions carried out between parties that involve the exchange of goods, services, or funds, often documented and finalized through a formal process or agreement.
ATM
An Automated Teller Machine, which is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.
- Gain an understanding of the layout and intentions behind various documents and instruments associated with checking accounts, like bank statements, cashier's checks, and certified checks.
Verified Answer
BM
Brenda Martin-Williams
Jul 29, 2024
Final Answer :
B
Explanation :
The number of transactions listed on an ATM bank statement can vary by bank and the specific ATM, but a common standard is to display the last 10 transactions. This provides a balance between giving enough recent transaction history for the user to review and limiting the amount of information for practical display and printing purposes.
Learning Objectives
- Gain an understanding of the layout and intentions behind various documents and instruments associated with checking accounts, like bank statements, cashier's checks, and certified checks.
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