A bank statement a. is a credit reference letter written by the depositor's bank. b. lets a depositor know the financial position of the bank as of a certain date. c. provides a summary of all checking account transactions recorded by the bank. d. is a bill from the bank for services rendered.

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21 January, 13:32

A bank statement a. is a credit reference letter written by the depositor's bank. b. lets a depositor know the financial position of the bank as of a certain date. c. provides a summary of all checking account transactions recorded by the bank. d. is a bill from the bank for services rendered.

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Davies · Answer 1

Option (c) is correct.

Explanation:

A bank statement is a statement that is provided by the bank to a customer. This bank statement is carrying all the information about the customer transactions over a period of time. This includes amount of money credited or amount of money debited from doing some transactions, also includes interest that is paid by the bank.

Therefore, a bank statement provides a summary of the transactions that is done by the customer.