Multiple Choice
Match each term with its definition.
-Numbers printed on the check in magnetic ink that contain the routing (ABA) number
A) deposit record
B) deposit slip
C) electronic funds transfer system
D) endorsement
E) endorser
F) third-party check
G) limited check
H) maker
I) MICR numbers
J) money order
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Match each term with its definition.<br>-Record of
Q5: Match each term with its definition.<br>-Money produced
Q6: A bank statement obtained through an ATM
Q7: Deposits should be always be delivered to
Q8: Match each term with its definition.<br>-Payer of
Q10: There are pros and cons of accepting
Q11: Match each term with its definition.<br>-Itemized list
Q12: There are precautions to be observed when
Q13: The process of verifying that the amounts
Q14: There are pros and cons of accepting