CH 29 KAHOOT ANSWERS BUSINESS CONCEPTS 2 questions and answers with solutions 2025
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Course
BCOT
Institution
BCOT
What is common medium of exchange for goods and services - ANSWER checks
What is a method that allows EFT directly from the payer's account to the account of the person being paid - ANSWER direct deposit
What term refers to an account that allows two people who are equally responsible to writ...
CH 29 KAHOOT ANSWERS BUSINESS
CONCEPTS 2 questions and answers
with solutions 2025
What is common medium of exchange for goods and services - ANSWER checks
What is a method that allows EFT directly from the payer's account to the account of the
person being paid - ANSWER direct deposit
What term refers to an account that allows two people who are equally responsible to
write checks? - ANSWER Joint account
An account in which the account owner has written checks for more money than the
balance in the account? - ANSWER Overdraft
Which type of card can be used to withdraw cash from a checking account without
writing a check? - ANSWER debit card
What is not a transactions you can do on an online banking website? - ANSWER Send
written checks
Which term refers to the person who writes a check? - ANSWER drawer
Which term refers to the financial institution where a drawer has an account? -
ANSWER drawee
What is not required for a check to be paid? - ANSWER the drawee's signature
What is required for a check to be paid? - ANSWER A valid date, payee's name, and
matching numerical and written account
What is used to trace a check back to the account on which it was written? - ANSWER
Bank Route Number
Where do you record checking account transactions? - ANSWER check register
What refers to the signature of the payee on the back of a check? - ANSWER
endorsement
What does not help to protect against counterfeiting? - ANSWER shredding canceled
checks
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