Which of the Following Is Not True Concerning the Use

Which of the following is not true concerning the use of a bank?

A) In order to take advantage of the many features of a bank that contribute to strong internal control over cash, a business must have a bank account. Each bank may require specific documentation in order to open an account.
B) Although banks offer many types of accounts, most businesses start by opening a savings account.
C) The person or company opening a checking account is referred to as the depositor.
D) A bank requires the depositor to complete a signature card, which the bank uses when needed to verify the validity of a check.