1.2 Writing Cheques

Who provides the service of checking accounts?

• Parents

• Banks

• Schools

• Stores

• Malls

A payee is

• The person who receives a cheque. They gain money.

• The person who receives a cheque. They pay money.

• The person who writes a cheque. They gain money.

• The person who writes a cheque. They pay money.

A payer is

• The person who receives a cheque. They gain money.

• The person who receives a cheque. They pay money.

• The person who writes a cheque. They gain money.

• The person who writes a cheque. They pay money.

Select all of the pieces of information that belong on a cheque.

• Date

• The amount of money written with words

• The amount of money written with numbers

• The name of the payee

• The signature of the payer

Select the pieces of information that do not belong on a cheque.

• Name of the payee

• Nickname of the payee

• Birthdate of the payer

• Birthdate of the payee

• Amount of money to be transferred

Why are cheques useful?

• We can check to see how much money someone has.

• We can transfer money easily.

• We can create checkmarks for correct answers.

• We can cheque the weather.