meganwiser7
contestada

Which statement about deposits are true? Check all that apply

A. Deposits increase the checking account balance
B. A deposit is money that is subtracted from a bank account
C. Deposited money can be transferred electronically from one bank to another
D. You cannot make a deposit at a ATM
E. You can deposit a greater amount than the balance in the account

Respuesta :

The statements that are true about deposits is:

A. Deposits increase the checking account balance

C. Deposited money can be transferred electronically from one bank to another

E. You can deposit a greater amount than the balance in the account

D. You cannot make a deposit at a ATM. This is false because with an ATM you can make a deposit into an account. If you were using a credit card, there is no account to put money into, it just charges to a card you have to then pay off.

B. A deposit is money that is subtracted from a bank account. When you deposit money, you are adding money into a bank account. When you withdraw money you are subtracting money into a bank account. Because this question refers to subtracting from a bank account, this is false.

The statement related to the deposits are considered to be true are as follows:

  • When there is a deposit then the balance of the checking account should be increased.
  • The Deposited money should be transformed from one bank to another.
  • The high amount should be deposited as compared to the balance in the account.

The following information related to the deposit is considered to be false.

  • It can't make the deposit at the ATM. It is to be treated as false in the case of credit cards as the money is not put.  
  • It is the money i.e. deducted from the bank account. This is false as the deposit means when the amount is added to the bank account.

Therefore, statements a, c, and e are correct.

Learn more: brainly.com/question/22697743

Otras preguntas