Customer A has agreed with the bank to grant him banking facilities up to (1,000,000) d. On the same day, the sum of (500,000) d was withdrawn. A check was drawn up in favor of the client (b). The debit current account of the customer (A) with the debit party The debit current account of the customer (B) with the crediting party The current account of the creditor of the customer (B) with the debiting party and the debiting current account of the customer (A) debiting the crediting party The customer's debit current account (A) with the debit party and the customer's credit current account (B) with the credit party
Customer A has agreed with the bank to grant him banking facilities up to (1,000,000) d. On the same day, the sum of (500,000) d was withdrawn. A check was drawn up in favor of the client (b). The debit current account of the customer (A) with the debit party The debit current account of the customer (B) with the crediting party The current account of the creditor of the customer (B) with the debiting party and the debiting current account of the customer (A) debiting the crediting party The customer's debit current account (A) with the debit party and the customer's credit current account (B) with the credit party
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Customer A has agreed with the
bank to grant him banking facilities
up to (1,000,000) d. On the same
day, the sum of (500,000) d was
withdrawn. A check was drawn up in
favor of the client (b).
The debit current account of the
customer (A) with the debit party
The debit current account of the
customer (B) with the crediting
party
The current account of the creditor
of the customer (B) with the
debiting party and the debiting
current account of the customer (A)
debiting the crediting party
The customer's debit current
account (A) with the debit party and
the customer's credit current
account (B) with the credit party
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