21. a bank statement has purpose of: a)insuring a saving account b0reporting tra

Question

21. a bank statement has purpose of: a)insuring a saving account b0reporting transactions for a checking account c)reporting errors for electronic banking transactions d)assisting a person to open a checking account 22. canceled checks are those that have: a)not cleared the banking system b)been isssued illegally c)cleared the banking system d)stop-order payments issued for them 21. a bank statement has purpose of: a)insuring a saving account b0reporting transactions for a checking account c)reporting errors for electronic banking transactions d)assisting a person to open a checking account 22. canceled checks are those that have: a)not cleared the banking system b)been isssued illegally c)cleared the banking system d)stop-order payments issued for them

Explanation / Answer

21) answer is b) a statement reprotstransactions for a checking account. a,c, and d are NOT true :
22)Cancelled checks are the checks that have been processed by the recipient's bank and returned to yourbank for payment. : c) is the answer (they have clearedthe banking system)

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