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Banking and Finance
Personal Savings Account
Withdrawal Interpretation
Last month, Owen received a bank statement of his savings account. It listed his withdrawal of 300 as -300. The bank shows a total end of the month balance of 10,500. Which statement best interprets [-300] in this context
2 answers
The statement [-300] indicates that Owen withdrew $300 from his savings account.
In this context, the notation [-300] represents a withdrawal of $300 from Owen's savings account.
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