A bank issues a debit memorandum to notify a depositor of:

a. a deduction to a depositor's account

b. a deposit to the depositor's account

c. a withdrawal through an ATM

d. a check that was deposited in the account but was returned NSF

e. periodic payments arranged in advance, by a depositor

Question

Essence Miles

Social Studies

27 June, 17:47

A bank issues a debit memorandum to notify a depositor of:

a. a deduction to a depositor's account

b. a deposit to the depositor's account

c. a withdrawal through an ATM

d. a check that was deposited in the account but was returned NSF

e. periodic payments arranged in advance, by a depositor

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Answers (1)

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Stephen Hamilton · Answer 1

c. A withdrawal through an ATM

Explanation:

A debit memorandum is a notification that the bank uses to inform that there's been a decrease in the customer's account, and according to the options that are given this happens when there is a withdrawal through an ATM, because the holder of the bank account is taking out money, then his balance account will decrease and as a consequence the bank will issue a debit memorandum.

A bank issues a debit memorandum to notify a depositor of:a. a deduction to a depositor's accountb. a deposit to the depositor's accountc. a withdrawal through an ATMd. a check that was deposited in the account but was returned NSFe. periodic payments arranged in advance, by a depositor

A bank issues a debit memorandum to notify a depositor of:

a. a deduction to a depositor's account

b. a deposit to the depositor's account

c. a withdrawal through an ATM

d. a check that was deposited in the account but was returned NSF

e. periodic payments arranged in advance, by a depositor