What is the process of comparing personal bank account records to the bank’s records of that account balance in order
to uncover any possible discrepancies?
What is a computer terminal used to conduct business with a financial institution or purchase items such as
postage stamps or transportation tickets?
What is a plastic card that provides access to electronic funds transfer (EFT) from an
automated teller machine (ATM)?
True/FalseYou reconcile your bank statement to determine
if there are any discrepancies in your records.
What is a written order directing a bank or credit union to pay a person or business a
specific sum of money?
True/FalseYou should write the cents of the amount of the check in
the small space that starts with the dollar sign as a fraction.
True/FalseWhen using a debit card, it is important to remember to write down all transactions and add them to your account balance.
When using a debit card, it is important to remember to write down all transactions and
subtract them from your account.
True/FalseThe primary purpose of a check or debit card is to replace
cash so the government has a record of your activities.
True/FalseThe primary purpose of a check or debit card is to make it easier for people to buy goods and services, pay bills, and
make other financial transactions.
True/FalseWriting a check for insufficient funds can result in expensive fees, fines, even jail time if convicted
True/FalseWhen you receive your monthly bank statement, it is
recommended that you use it to reconcile your checking account.
What is a written document ordering a financial institution to transfer money from your account
to someone else