What kind of information is typically found on a 'bank statement'?

What kind of information is typically found on a 'bank statement'?

• A. Portfolio performance insights
• B. Real estate ownership records
• C. Details of transactions including deposits and withdrawals
• D. Loan credit scores

Answer: (C)

A bank statement is primarily a document provided by a financial institution that summarizes the account holder's financial activity over a specific period, usually a month. It includes essential details such as the balance at the beginning and end of the statement period, a list of deposits and withdrawals, and any fees that may have been incurred. This detailed information allows account holders to track their financial transactions, understand cash flow, and reconcile their personal records against the bank’s records. The other options represent information that is not typically found on a bank statement. Portfolio performance insights relate to investment accounts and analyses rather than standard banking transactions. Real estate ownership records are associated with property deeds and are maintained at local government offices, not on bank statements. Loan credit scores are determined by credit bureaus based on an individual's credit history and are also not included in bank statements, which focus on account transactions rather than credit evaluations.

A bank statement is primarily a document provided by a financial institution that summarizes the account holder's financial activity over a specific period, usually a month. It includes essential details such as the balance at the beginning and end of the statement period, a list of deposits and withdrawals, and any fees that may have been incurred. This detailed information allows account holders to track their financial transactions, understand cash flow, and reconcile their personal records against the bank’s records.

The other options represent information that is not typically found on a bank statement. Portfolio performance insights relate to investment accounts and analyses rather than standard banking transactions. Real estate ownership records are associated with property deeds and are maintained at local government offices, not on bank statements. Loan credit scores are determined by credit bureaus based on an individual's credit history and are also not included in bank statements, which focus on account transactions rather than credit evaluations.