Question

If Customer of a bank could not balance to traced, the banker usually transfers the account and close the account.

• A. Unoperative
• B. unknown
• C. Bad debt reserve
• D. Unclaimed Deposit

Answer 1

Answer:

D. Unclaimed Deposit

If a bank customer cannot be traced and there is no operation in the account for a long period, the banker usually transfers the balance to the unclaimed deposit account and closes the original account.