Question

Match the banking term with its definition.A. List currency coin and checks deposits into an accountB. A document signed by the depositor instructing the bank to pay a specified amount of moneyC. A record set up by a bank for its customerD. Explains the reason for paymentsE. Electronic transfer of cash from one party to another.a. Deposit ticket b. checkc. bank accountd. Remittance advicee. Electronic funds transfer

Answer 1

Answer:

A. Deposit ticket: List currency coin and checks deposits into an account.

B. Check: A document signed by the depositor instructing the bank to pay a specified amount of money.

C. Bank account: A record set up by a bank for its customer.

D. Remittance advicee: Explains the reason for payments.

E. Electronic funds transfer: Electronic transfer of cash from one party to another.

Explanation:

A. Check: List currency coin and checks deposits into an account.

B. Deposit ticket: A document signed by the depositor instructing the bank to pay a specified amount of money.

C. Bank account: A record set up by a bank for its customer.

D. Remittance advicee: Explains the reason for payments.

E. Electronic funds transfer: Electronic transfer of cash from one party to another.