Business, 24.03.2020 01:06 lmirandanvmi

A teenage boy has opened a checking account. He is surprised to find that though he is getting a written bank statement each month he is not getting his cancelled checks returned. The teenager should be aware that the reason cancelled checks are NOT returned is to:
a. protect him from providing opportunities for forgery.
b. insure that he does not receive important materials he is likely to lose.
c. lessen the bank’s need to maintain records of check transactions.
d. save the bank money associated with returning copies of the checks.

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A teenage boy has opened a checking account. He is surprised to find that though he is getting a wri...

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