Which statement about deposits are true? Check all that apply

A. Deposits increase the checking account balance

B. A deposit is money that is subtracted from a bank account

C. Deposited money can be transferred electronically from one bank to another

D. You cannot make a deposit at a ATM

E. You can deposit a greater amount than the balance in the account

Question

Business

Hanson

1 January, 15:11

Which statement about deposits are true? Check all that apply

A. Deposits increase the checking account balance

B. A deposit is money that is subtracted from a bank account

C. Deposited money can be transferred electronically from one bank to another

D. You cannot make a deposit at a ATM

E. You can deposit a greater amount than the balance in the account

+2

Answers (2)

Know the Answer?

Ali Brandt · Answer 1

a c e is the answer

Explanation:

i did it

Zack · Answer 2

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.