Asked by Robert Pesta on Jul 02, 2024
How often must a bank send a statement listing the transactions in an account?
A) Annually
B) Every 60 days
C) Every four months
D) Quarterly
Bank Statement
A bank statement is a summary of financial transactions that occurred over a certain period of time in a bank account, provided regularly by the bank to the account holder.
Transactions
The act of conducting business or commercial activities, often involving the exchange of goods, services, or funds.
Quarterly
Pertaining to or occurring every three months.
- Familiarize with the tasks and liabilities banks and customers hold under the Electronic Funds Transfer Act.
Learning Objectives
- Familiarize with the tasks and liabilities banks and customers hold under the Electronic Funds Transfer Act.
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