Which item would you find on your monthly bank statement?

Which item would you find on your monthly bank statement?

• A. The monthly fee
• B. The interest rate on your savings account
• C. Your spending on debit purchases
• D. The balance of your credit card

Answer: (A)

The monthly bank statement provides a comprehensive overview of your account activities, and one key element included in this statement is the monthly fee. This fee, if applicable, would be detailed so that account holders are aware of any costs incurred for maintaining the account, such as service charges or maintenance fees. In contrast, the interest rate on your savings account may not appear directly on the monthly bank statement. Instead, this information can typically be found on your account agreement or in a bank's promotional materials. Similarly, while your spending on debit purchases would be reflected in the transaction history section of your statement, the transaction amounts themselves are reported rather than a cumulative total for a month. Additionally, the balance of your credit card is not part of your bank statement for your checking or savings account, as credit card balances are separate from the information provided regarding banking accounts. Each of these other items pertains to different areas or statements, making the monthly fee the most accurate option found directly on a bank statement.

The monthly bank statement provides a comprehensive overview of your account activities, and one key element included in this statement is the monthly fee. This fee, if applicable, would be detailed so that account holders are aware of any costs incurred for maintaining the account, such as service charges or maintenance fees.

In contrast, the interest rate on your savings account may not appear directly on the monthly bank statement. Instead, this information can typically be found on your account agreement or in a bank's promotional materials.

Similarly, while your spending on debit purchases would be reflected in the transaction history section of your statement, the transaction amounts themselves are reported rather than a cumulative total for a month.

Additionally, the balance of your credit card is not part of your bank statement for your checking or savings account, as credit card balances are separate from the information provided regarding banking accounts. Each of these other items pertains to different areas or statements, making the monthly fee the most accurate option found directly on a bank statement.