Unit 1: Banking

ATM stands for

• Automated Teller Machine

• Automatic Transfer Machine

• Animated Teller Machine

We can transfer money without using paper checks using

• Check Stub

• EFT Electronic Fund Transfer

• Deposit slip

Business use ............... account for transactions.

• Saving Accounts

• Checking Accounts

The card that contains space for the company’s name and address, references, type of account, and the signature(s) of the person(s) authorized to sign checks is called

• Check Stub

• Signature Card

• Deposit slip.

Money can be deposited in company's account using

• Check Stub

• Signature Card

• Deposit slip.

The image shows

• Check

• Check Stub

• Deposit Slip

Who is payee in the given check

• Abe Lincoln's Hardware store

• John Adams

• Checking Saving Investment Bank

Who is drawer in the given check

• Abe Lincoln's Hardware store

• John Adams

• Checking Saving Investment Bank

Who is drawee in the given check

• Abe Lincoln's Hardware store

• John Adams

• Checking Saving Investment Bank

Which one is NOT a type of endorsement

• Full Endorsement

• Blank Endorsement

• Restrictive Endorsement

• Black Endorsement