Asked by Ailadi Torres on May 05, 2024
Verified
Bank account into which money may be deposited and checks may be written against
A) ABA number
B) agent
C) ATM
D) bank statement
E) cashier's check
F) certified check
G) check register
H) checking account
I) currency
J) deposit
Checking Account
A bank account that allows for numerous withdrawals and deposits, making it ideal for daily transactions.
Bank Account
A financial account maintained by a bank or other financial institution in which the financial transactions between a customer and the bank are recorded.
Deposit
Money placed into a bank account or a sum paid in advance as security for the fulfillment of an arrangement.
- Absorb knowledge on the structure and goals of multiple checking account-related documents and mechanisms, such as bank statements, cashier's checks, and certified checks.
Verified Answer
ZK
Zybrea KnightMay 06, 2024
Final Answer :
H
Explanation :
A checking account is specifically designed for the deposit of funds and the writing of checks against the deposited money, making it the correct match for the given definition.
Learning Objectives
- Absorb knowledge on the structure and goals of multiple checking account-related documents and mechanisms, such as bank statements, cashier's checks, and certified checks.