A Bank Issues a Debit Memorandum

Multiple Choice

A bank issues a debit memorandum:

A) To notify a depositor of an EFT.
B) To notify a depositor of a deduction from a depositor's account.
C) To notify a depositor of all increases to the depositor's account.
D) To notify a depositor of an NSF cheque.
E) To notify a depositor of a deduction from a depositor's account and to notify a depositor of an NSF cheque.