Classification – Odd one out (money inflow vs outflow/negative): Pick the term that does not align with outflow/negative direction: Debit, Deposit, Deduction, Withdrawal.

Difficulty: Easy

Correct Answer: Deposit

Explanation:


Introduction / Context:
Banking and bookkeeping vocabulary often encodes direction of funds. In personal banking context, “deposit” indicates money moving into an account, while terms like “withdrawal,” “debit,” and many “deductions” reflect outflow or a negative effect on balance. This directional contrast yields a crisp odd-one-out.


Given Data / Assumptions:

  • Deposit: money credited to an account (inflow).
  • Withdrawal: money taken out (outflow).
  • Debit: in everyday bank statements for customers, debits reduce balance.
  • Deduction: reduction (e.g., fees/taxes), typically decreasing the amount received or the balance.


Concept / Approach:
Normalize the direction relative to a typical retail banking account holder. Identify the single inflow term among three outflow/negative terms.


Step-by-Step Solution:
Deposit → increases balance (inflow).Withdrawal → decreases balance (outflow).Debit → decreases balance (outflow from customer’s perspective).Deduction → decreases payable/receivable, effectively negative relative to the holder.


Verification / Alternative check:
In double-entry accounting, “debit” can mean different things depending on the account type, but in retail bank statements, debit entries commonly reduce the visible balance, preserving the intended 3-to-1 split.


Why Other Options Are Wrong:

  • Withdrawal, Debit, and Deduction all represent negative or outflow effects.


Common Pitfalls:
Overcomplicating with double-entry system classifications; focus on typical bank-account holder viewpoint for clarity.


Final Answer:
Deposit

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