Question

Determine which of the statements below accurately describe services provided by a bank. (Check all that apply.) Multiple select question. Each bank deposit is supported by a check. To limit access to a bank account, all persons authorized to write checks on the account must sign a deposit slip. To withdraw money from an account, the depositor can use a check. A bank account is a record set up by a bank for a customer. Each bank deposit is supported by a deposit ticket.

Answer 1

The statements that provide the bank services are that the depositors can use checks for withdrawing money, a record set up by a bank, and a deposit in a bank supported by a deposit ticket.

What is a bank account?

A bank account is a facility provided by a bank where the account holders can deposit their savings.

The services provided by banks to the account holders include the opening of saving or current accounts at any time, withdrawal of money by checks, monthly bank statements for tracking their money, can deposit the amounts in the form of coins, currency notes, fixed deposit facility, etc.

Therefore, the provided explanations in the last three options described the services given by banks.

Learn more about the bank account in the related link:

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