Deposits

Deposits

Assessment

Flashcard

12th Grade

Hard

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11 questions

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1.

FLASHCARD QUESTION

Front

A _____________ consists of checks, currency, or coins put into a bank account.

Back

deposit

2.

FLASHCARD QUESTION

Front

A deposit that is electronically transferred from your employer's checking account to your checking account is called a(n) __________________________

Back

direct deposit

3.

FLASHCARD QUESTION

Front

The ATM is only used for making withdrawals from your bank account. If you want to make a deposit, you must go to the bank.

Back

False

4.

FLASHCARD QUESTION

Front

A check is a document that directs the bank to deduct money from your account and make a payment.

Back

True

5.

FLASHCARD QUESTION

Front

Write the amounts in work form: $65.29

Back

6.

FLASHCARD QUESTION

Front

A check register does not keep a record of your deposits, electronic transfers, checks you have written and any ATM deposits or withdrawals.

Back

False

7.

FLASHCARD QUESTION

Front

To compare your check register with your bank statement to make sure they agree is called __________________________.

Back

reconciling

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