Final Answer:
The given statement "The author wrote a check for fifty-six dollars after he had just deposited it" is False because the act of writing a check for fifty-six dollars after depositing it contradicts the basic principle of check transactions
Step-by-step explanation:
When an individual writes a check, it is a financial instrument that instructs the bank to pay a specified amount to the recipient. The check is drawn against the account holder's balance at the time of writing. In this case, if the author had just deposited fifty-six dollars, the available balance would have increased. However, writing a check immediately after the deposit could lead to a potential overdraft situation, as the available balance at the time of writing might not cover the check amount.
To further explain, let's consider a scenario where the author initially had a balance of $100. After depositing $56, the new balance becomes $156. If the author writes a check for $56 without waiting for the deposit to be processed and reflected in the available balance, it could result in a situation where the check amount exceeds the available funds at the time of writing. This could lead to overdrawing on the account, incurring fees, and potentially causing financial complications.
In conclusion, the statement is false because writing a check for fifty-six dollars immediately after depositing it contradicts standard banking practices, where checks are drawn against the available balance at the time of issuance. It is essential to wait for deposits to be processed and reflected in the available balance before issuing checks to avoid potential overdrafts and associated complications.