Choose the given statement that is true/false.

The bank balance of the person withdrawing money from the bank increases.

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True

False

answer is B.

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Detailed Solution

The above statement is false.
The bank balance of that person decreases. Money is taken out of your bank account when it is debited. Credit is the opposite of debit because it results in the addition of funds to your account. Your account is debited frequently. For instance, when you use a debit card, which enables you to withdraw money from your bank account and use it to make purchases, cash is automatically removed from your account to pay bills when you set up a direct debit when you write a cheque. It is cashed, and when you use a cheque.
The correct statement is the bank balance of the person withdrawing money from the bank decreases.

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