Asked by Chazington Walker on May 11, 2024
Verified
Itemized list of cash and checks deposited in a checking account
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
Itemized List
A list where each entry is separately listed and often numbered or bulleted.
Deposit Slip
A document accompanying a bank deposit, detailing the amount of cash and/or checks being deposited.
Electronic Funds Transfer System
A system that transfers money from one bank account directly to another without any paper money changing hands, often used for payroll, direct deposit, and bill pay services.
- Acquire knowledge of and discern between different terms used in banking regarding checks and deposits, understanding their definitions.
Verified Answer
IA
Itunuoluwa Adeloyin Adepoju. 509May 14, 2024
Final Answer :
B
Explanation :
A deposit slip is a document that accompanies bank deposits, listing the amount of cash and checks being deposited.
Learning Objectives
- Acquire knowledge of and discern between different terms used in banking regarding checks and deposits, understanding their definitions.