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Which of the Following Statements Is True About Electronic Banking

Question 118

Multiple Choice

Which of the following statements is true about electronic banking?


A) The computer computes the new balance each time you record a check.
B) You will no longer be responsible for recording and depositing checks.
C) The computer used for banking must be locked up at the end of the day.
D) You must still reconcile the bank statement on paper.
E) Cash flow in the office becomes slower and more difficult.

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