an act of taking money out of an account.

means any transfer of funds that is initiated through an electronic terminal

a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.

a sum of money placed or kept in a bank account, usually to gain interest.

sign (a check or bill of exchange) on the back to make it payable to someone other than the stated payee or to accept responsibility for paying it.

the electronic transfer of a payment directly from the account of the payer to the recipient's account.

a document, usually part of the general ledger, used to record financial transactions in cash.

a printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it, issued periodically to the holder of the account.

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17-19 vocab quiz

Question	Answer
withdrawl	an act of taking money out of an account.
EFT	means any transfer of funds that is initiated through an electronic terminal
debit card	a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
depoist	a sum of money placed or kept in a bank account, usually to gain interest.
endorse	sign (a check or bill of exchange) on the back to make it payable to someone other than the stated payee or to accept responsibility for paying it.
direct deposit	the electronic transfer of a payment directly from the account of the payer to the recipient's account.
check book register	a document, usually part of the general ledger, used to record financial transactions in cash.
bank statement	a printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it, issued periodically to the holder of the account.

Created by: user-2015966

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