which one of the following is true of a signature card? a. it can be used as a debit card. b. it is the same…

which one of the following is true of a signature card? a. it can be used as a debit card. b. it is the same as a deposit receipt and acts as a proof of the deposit transaction. c. it can only be used for bank accounts of individuals, not for the bank accounts of businesses. d. it shows each authorized persons signature for a bank account.

which one of the following is true of a signature card? a. it can be used as a debit card. b. it is the same as a deposit receipt and acts as a proof of the deposit transaction. c. it can only be used for bank accounts of individuals, not for the bank accounts of businesses. d. it shows each authorized persons signature for a bank account.

Answer

Brief Explanations:

A signature card is a document at a bank that has the signatures of all authorized individuals for a bank account. It is not a debit card (A is wrong). A deposit receipt is for a specific deposit transaction (B is wrong). Signature cards are used for both individual and business accounts (C is wrong).

Answer:

D. It shows each authorized person's signature for a bank account.