Why do current and available balances sometimes show different amounts of
money in the same account?
1. Current balances subtract pending transactions from the available balance.
2. Available balances include earned interest.
3. Available balances subtract pending transactions from the current balance.
4. Current balances include earned interest.

Question

01-05-2022
Social Studies

Answered

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Why do current and available balances sometimes show different amounts of
money in the same account?
1. Current balances subtract pending transactions from the available balance.
2. Available balances include earned interest.
3. Available balances subtract pending transactions from the current balance.
4. Current balances include earned interest.

Sagot :

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deebikamadhivanan deebikamadhivanan · Answer 1 · 2022-05-04T12:13:10-04:00

The current and available balances in the same account show different amounts of money because of option (1): "current balances subtract pending transactions from the available balance."

Why do the current and available balances show different amounts?

Due to the outstanding transactions that have been presented against the account but have not yet been processed, the available balance for your account may differ from the current value.

The transactions are reflected in the current balance and shown in the account history once they have been processed.

Check the link below to know about available and current balances;

https://brainly.com/question/27154367

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Sagot :

Why do the current and available balances show different amounts?

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