Federal Open Market Committee
Answer:
Consumer Financial Protection Bureau
Answer:
true is the correct answer right
The statements that are true about deposits is:
A. Deposits increase the checking account balance
C. Deposited money can be transferred electronically from one bank to another
E. You can deposit a greater amount than the balance in the account
D. You cannot make a deposit at a ATM. This is false because with an ATM you can make a deposit into an account. If you were using a credit card, there is no account to put money into, it just charges to a card you have to then pay off.
B. A deposit is money that is subtracted from a bank account. When you deposit money, you are adding money into a bank account. When you withdraw money you are subtracting money into a bank account. Because this question refers to subtracting from a bank account, this is false.
