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CFM-Checking_Banking Questions with 100% Correct Answers Verified Latest Update 2024 £6.27   Add to cart

Exam (elaborations)

CFM-Checking_Banking Questions with 100% Correct Answers Verified Latest Update 2024

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CFM-Checking_Banking Questions with 100% Correct Answers Verified Latest Update 2024

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  • June 20, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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ACTUALSTUDY
CFM-Checking/Banking
Account Number - ✅✅-The number assigned to an account.
ATM - ✅✅ -Automated Teller Machine, allows card holder to withdrawal money from
person's account.

Bank -✅✅-A for-profit institution that offers personal loans, mortgages, and other services.
Bank Reconciliation Statement - ✅✅-Statement that brings checkbook and bank statement
balances into agreement.

Bank Statement - ✅✅-A report of deposits, withdrawals, and bank balances sent to a
depositor by a bank.

Blank Endorsement - ✅✅-An endorsement consisting only of the endorser's signature.
Budget - ✅✅ -A detailed financial forecast used to plan, control and evaluate your spending
and saving in order to satisfy immediate needs and reach future goals.

Check -✅✅-A business form ordering a bank to pay cash from a bank account.
Check Number - ✅✅-A number identifies each personal check, found at the top right of a
personal check that identifies that specific
check.

Check Register - ✅✅ -The book in which you keep records of checks, deposits, debit card
transactions, and ATM withdrawals.

Checking Account - ✅✅-A bank account from which payments can be ordered by a
depositor.

Credit Union - ✅✅ -A nonprofit financial institution that is owned by its members and
organized for their benefit.

Debit Card - ✅✅ -Combination of an ATM and a check, money spent comes directly from
person's account.

✅✅-A written record of money put into a checking account.
Deposit Ticket -

Electronic Commerce - ✅✅-The buying and sell of goods and services, or the transfer of
money, over the Internet.

✅✅-A signature or stamp on the back of a check transferring ownership.
Endorsement -

Megabyte Money - ✅✅-A medium of exchange, frequently replacing currency and checks
as a system of payment.

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