BANKING TERMS

A ____________ is a financial institution licensed to receive deposits and make loans

• bank

• lodgement

• withdrawal

• memo line

A bank ___________________ is a record of money that has moved in and out of your bank account.

• memo line

• bank

• transaction

• lodgement

A____________ is a deposit of funds into a bank account

• memo line

• withdrawal

• cheque

• lodgment

A __________ is money you take out of your banking accounts

• bank

• cheque

• withdrawal

• transaction

A ___________ is an order that directs a bank to pay a specific sum of money to the bearer.

• bank

• transaction

• bank

• cheque

The ____________ is a space for any notes about the purpose of the cheque.

• lodgement

• withdrawal

• transaction

• memo line