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The first action Lupe should take when she discovers a difference between her records and the bank's records she should check her own records to see if she made a mistake.
A bank is a type of financial institution that offers loans, develops demand deposits from public deposits, and takes deposits from the general public. The bank can carry out lending operations directly or indirectly via capital markets. Most jurisdictions regulate banks heavily because they are crucial to both the financial stability and the economy of a nation.
A system known as fractional reserve banking, in which banks keep liquid assets equivalent to just a part of their current obligations, has been institutionalized in the majority of nations. Banks are often required to maintain a certain level of capital based on the Basel Accords, an international set of capital rules, in addition to additional laws aimed at ensuring liquidity.
The question is incomplete. The complete question is
Study the entries in Lupe's records and bank statement.
What is the first action Lupe should take when she discovers a difference between her records and the bank's records?
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