Answer the following statements true (T) or false (F)
1. There are three parties to a check: the depositor, the maker, and the bank.
2. In addition to the account number, a check shows the 9-digit routing number.
3. The bank statement reports the activity in the customer's account and is issued on an annual basis.
4. The bank statement shows the beginning and ending balances of cash in a bank account, cash receipts and payments, and the names of all individuals who are authorized to sign checks.
5. Banks must return physical copies of the maker's canceled checks.
1. FALSE
2. TRUE
3. FALSE
4. FALSE
5. FALSE
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