Listed below are six terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ Money earned on the average daily balance of the checking account.

Question

Quizplus · Accepted Answer

Interest earned is the money earned on the average daily balance of the checking account. The other options are:
A) Bank service fees: charges incurred for bank services 
B) Deposits outstanding: deposits that have not yet been credited to the account 
D) NSF checks: checks that have been returned due to insufficient funds 
E) Company error: mistakes made by the bank 
F) Checks outstanding: checks that have been written but not yet cleared or processed.

Listed Below Are Six Terms Followed by a List of Phrases