BUISENESS MANAGEMENT
RECORD KEEPING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT considered a deposit?
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Check cashed
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Purchases
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Transfers received
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Direct deposit
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Explanation:
Detailed explanation-1: -Transactions not considered as deposits Any amount received from the government or guaranteed by the government, foreign government/foreign bank. Any amount received from a company by a company.
Detailed explanation-2: -Fixed deposit Was this answer helpful?
Detailed explanation-3: -Under federal law, however, a “depository institution” is limited to banks and savings associations-credit unions are not included.
There is 1 question to complete.