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Lesson 2-1 Checking Account Vocab

Authored by Brittney Green

Mathematics, Life Skills, Business

9th - 12th Grade

Used 1+ times

Lesson 2-1 Checking Account Vocab
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22 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An account at a bank that allows a customer to deposit money and make withdrawals.

Check

Debit Card

Checking Account

Check Clearing

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A written order used to tell a bank to pay money from an account to the check holder.

Check

Deposit Slip

Payee

Debit

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The process of moving funds electronically from an account in one bank to an account in another bank;also referred to as an electronic check/echeck

Deposit

Check Clearing

Endorse

Electric Funds Transfer (EFT)

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The receiver of the transferred funds or the person to whom the check is written

Payee

Banker

Hold

Checking Account

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The account owner of a check, the person who writes the check.

Payee

Drawer

Direct Deposit

Deposit

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The process that happens when a bank pays for a check out of a checking account; a clerk is cleared when the bank has transferred the funds from the checking account.

Hold

Deposit

Check Clearing

Payee

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A form to fill out when adding money to a bank account.

Deposit Slip

Check

Hold

Check Register

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