AnswersPersonal Finance - EL3403Banking: How to Manage Your MoneyQuestion 5
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Banking: How to Manage Your Money

Question 5 • Personal Finance - EL3403

You noticed a mistake: Your own records do not match the bank statement you just received.Which option describes the steps you should take to solve this situation? Check all that apply.check my records first to see if the mistake is minecall the bank first to demand a change to my statementcall the bank after making sure my records are correctcall a retailer before contacting the bank or reviewing my records

Answer
A
check my records first to see if the mistake is mine
B
call the bank first to demand a change to my statement
C
call the bank after making sure my records are correct
D
call a retailer before contacting the bank or reviewing my records

Explanation

First compare the bank statement with your own records to check whether you made a recording error. If your records are correct and the discrepancy remains, contact the bank to ask about it. Calling the bank immediately to demand a change, or contacting a retailer before checking your records, skips these steps.

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