What is a deposit?

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Enhance your chances of success in the Court Revenue Assistant Exam with flashcards and multiple choice questions. Each question comes with detailed explanations and hints. Ace your exam with confidence!

Multiple Choice

What is a deposit?

Explanation:
A deposit is the funds that are placed into an account. It’s the amount of money paid in, not the act of paying it in and not a withdrawal. For example, when you put $200 into your account, the $200 is the deposit and your balance increases by $200. The other options refer to things that aren’t money being placed into an account: an agreement to end a dispute, a withdrawal, or the action of depositing itself.

A deposit is the funds that are placed into an account. It’s the amount of money paid in, not the act of paying it in and not a withdrawal. For example, when you put $200 into your account, the $200 is the deposit and your balance increases by $200. The other options refer to things that aren’t money being placed into an account: an agreement to end a dispute, a withdrawal, or the action of depositing itself.

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