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Which of the following account types is considered a transaction account under the Expedited Funds Availability Act?
Checking or Share Draft Account
Is a checking account considered a transaction account?
Yes.
An account holder is making a purchase with the purchase account over the phone. When completing this transaction the account holder is responsible for all of the following tasks EXCEPT?
Happy
When an account holder is making a purchase with the purchase account over the phone. When completing this transaction the account holder is responsible for all of the following tasks EXCEPT?
Happy
What is the correct drill-down hierarchy for account lists and transaction lists?
Management account, cardholder account, transaction list
Which of the following account types is considered a transaction account under the Expedited Funds Availability Act?
Checking or Share Draft Account
Is a checking account considered a transaction account?
Yes.
When I make a payment on my loan is that considered a Debit transaction?
Yes, when you make a payment on your loan, it is considered a debit transaction. This is because the payment reduces your account balance, and the funds are taken out of your account to pay off the loan. Essentially, it represents an outflow of money from your account.
An account holder is making a purchase with the purchase account over the phone. When completing this transaction the account holder is responsible for all of the following tasks EXCEPT?
Happy
When an account holder is making a purchase with the purchase account over the phone. When completing this transaction the account holder is responsible for all of the following tasks EXCEPT?
Happy
What is the correct drill-down hierarchy for account lists and transaction lists?
Management account, cardholder account, transaction list
Do account holder is making a purchase with the purchase account over the phone. When completing this transaction the account holder is responsible for all of the following tasks EXCEPT?
When making a purchase with the purchase account over the phone, the account holder is responsible for providing their account details, confirming the transaction amount, and ensuring they have sufficient funds. However, they are not responsible for verifying the identity of the merchant or the legitimacy of the transaction, as that is typically the responsibility of the merchant or payment processor.
What is the correct drilled hierarchy for account lists and transaction lists?
Managing account to card account to transaction list
What type of account can be a transaction account?
A checking account
The transaction would increase an asset account and increase a liability account?
The transaction would increase an asset account and increase a liability account?
What is the correct drill-down hierarchy for account lists and transaction list?
Management account, cardholder account, transaction list
What is the correct drill-down hierarchy for account list and transaction lists?
Management account, cardholder account, transaction list
