QUESTION IMAGE
Question
- what is the available balance of a bank account? the total amount of all checks deposited. the total amount of all the checks written. the amount the bank allows the customer to borrow. the amount the bank allows the customer to use now.
Brief Explanations
The available balance of a bank account is the amount that the bank allows the customer to use now. It takes into account deposits, withdrawals (including checks written), and any holds or restrictions. Checks deposited may not be immediately available, and checks written reduce the available balance.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
The amount the bank allows the customer to use now.