Question

you see a \pending\ label beside a transaction you made yesterday.
what does that mean?
choose 1 answer
a the transaction was unsuccessful.
b the transaction is completed, and the amount has been deducted from your account.
c the transaction is recognized but not yet fully processed by the bank
d the transaction is refunded and the amount will be reversed to your account.

Explanation:

To determine the meaning of a "pending" transaction:

• Option A is incorrect because "pending" doesn't mean unsuccessful.
• Option B is incorrect as a completed transaction with amount deducted wouldn't be pending.
• Option C is correct. A "pending" transaction means the bank has recognized it but hasn't fully processed it yet (e.g., final authorization, settlement).
• Option D is incorrect as a refunded transaction with amount reversal is not what "pending" signifies.

Answer:

C. The transaction is recognized but not yet fully processed by the bank