A bank statement
A) lets a depositor know the financial position of the bank as of a certain date.
B) is a credit reference letter written by the depositor's bank.
C) is a bill from the bank for services provided.
D) shows the activity that increased or decreased the depositor's account balance.

Question

Quizplus · Accepted Answer

A bank statement provides a summary of all transactions that have occurred in a depositor's account over a specific period, showing how the account balance has changed due to deposits, withdrawals, fees, and interest.

A Bank Statement