After returning a few items from online shopping, Luca received a credit of 125 dollars in his bank account. What does the number 125 mean? Choose 1 answer:(A) Luca owes 125 dollars to the bank. (B) Luca received 125 dollars in his account.
Q. After returning a few items from online shopping, Luca received a credit of 125 dollars in his bank account. What does the number 125 mean? Choose 1 answer:(A) Luca owes 125 dollars to the bank. (B) Luca received 125 dollars in his account.
Receive Credit Explanation: Luca received a credit of 125 dollars in his bank account after returning items. A credit in a bank account means that the account balance has increased by that amount.
Understanding Credit in Bank Account: To understand what the number 125 represents in this context, we need to consider the meaning of a credit to an account. A credit increases the account balance, indicating that money has been added to the account.
Increase in Account Balance: Since the account balance increased, it means Luca received money. Therefore, option (A) "Luca owes \(125\) to the bank" is incorrect because owing money would be a debit, not a credit.
Interpreting Credit of \(125 Dollars: Option (B) "Luca received \)\(125\) dollars in his account" is the correct interpretation of a credit. This means that the bank has added 125 dollars to Luca's account balance.