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Unit 3 Banking 2019

Quiz by Teresa

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46 questions
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  • Q1
    a demand deposit in a bank on which checks are drawn
    checking account
    30s
  • Q2
    a written order to a bank to pay a stated amount to a person or business
    check
    30s
  • Q3
    a tool used to track checking account transactions
    checkbook register
    30s
  • Q4
    money added to a checking or savings account
    deposit
    30s
  • Q5
    taking money away from your account
    withdrawal
    30s
  • Q6
    a check written with a date that will occur in the future
    postdated check
    30s
  • Q7
    a card used to withdraw or deduct money from your checking account
    debit card
    30s
  • Q8
    a signature, with or without instructions, written on the back of a check
    endorsement
    30s
  • Q9
    the use of a computer-based system to move money from the drawer's account to the payee's account
    electronic funds transfer
    30s
  • Q10
    the process of adjusting the checkbook register and bank statement balances so that they agree
    bank reconciliation
    30s
  • Q11
    Federal Deposit Insurance Company: Banks are insured up to $250,000 per depositor per bank
    FDIC
    30s
  • Q12
    Automated teller machine-to withdraw or deposit checks/money
    ATM
    30s
  • Q13
    A writer of the check
    Drawer
    30s
  • Q14
    The bank from which the funds are drawn
    Drawee
    30s
  • Q15
    It restrict the use of a check: For deposit only
    Restrictive endorsement
    30s

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