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Social StudiesSocial 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)
  1. 27 June, 17:49
    0
    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.
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Home » Social Studies » 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.
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