Unit 3 Banking 2019
Quiz by Teresa
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46 questions
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- Q1a demand deposit in a bank on which checks are drawnchecking account30s
- Q2a written order to a bank to pay a stated amount to a person or businesscheck30s
- Q3a tool used to track checking account transactionscheckbook register30s
- Q4money added to a checking or savings accountdeposit30s
- Q5taking money away from your accountwithdrawal30s
- Q6a check written with a date that will occur in the futurepostdated check30s
- Q7a card used to withdraw or deduct money from your checking accountdebit card30s
- Q8a signature, with or without instructions, written on the back of a checkendorsement30s
- Q9the use of a computer-based system to move money from the drawer's account to the payee's accountelectronic funds transfer30s
- Q10the process of adjusting the checkbook register and bank statement balances so that they agreebank reconciliation30s
- Q11Federal Deposit Insurance Company: Banks are insured up to $250,000 per depositor per bankFDIC30s
- Q12Automated teller machine-to withdraw or deposit checks/moneyATM30s
- Q13A writer of the checkDrawer30s
- Q14The bank from which the funds are drawnDrawee30s
- Q15It restrict the use of a check: For deposit onlyRestrictive endorsement30s