Which statement is true regarding large money transactions?

The correct choice highlights that large money transactions are mostly represented by ledger entries. In modern banking and financial systems, the majority of significant transactions are recorded electronically, with entries made in various ledgers or databases. This electronic record-keeping allows for accurate tracking and management of funds, significantly reducing the potential for errors that could arise from handling physical currency.

This approach not only enhances efficiency but also provides a clearer audit trail for financial activities, which is crucial for regulatory purposes and financial accountability. Additionally, the reliance on electronic records makes it easier to conduct transactions across different entities and geographic boundaries, a necessity in today’s globalized economy.

The other statements do not accurately reflect the nature of large money transactions. Large transactions seldom require the physical movement of cash, as most are facilitated through bank transfers or electronic payments. Record-keeping is, in fact, essential for all financial transactions, especially large ones, to ensure transparency and compliance with legal standards. Lastly, while bank representatives may oversee significant transactions, especially in cases of wire transfers or large withdrawals, it is not a blanket requirement for all large transactions.