MTH 092 WK4 Bank Services
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Payor | the person who is sending the money
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| Payee | the person receiving the money
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| Flat-fee | a bank charge of a fixed amount every month
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| Interest paid | a bank charge based on a percentage of checks written
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| POS | ”point of sale” terminal – machine used to complete sale with a debit card
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| EFT | ”electronic funds transfer” – the transfer of money electronically
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| Restricted endorsement | endorsement on a check which states the intended purpose and person
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| Blank endorsement | endorsement on a check which just states the person
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| Special endorsement | endorsement on a check which states a third party as well as the person
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| Balance brought forward | beginning amount
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| Balance forward | ending amount
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| Check register | a record of transactions kept by the account holder
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| Bank Statement | a record of transactions from the bank
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| NSF | ”non-sufficient funds” – used when there is not enough money in an account
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| DIT | ”deposit in transit” – used for a deposit that has occurred but not yet recorded by bank
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| Adjusted bank balance | balance of account after outstanding checks, fees, interest, and DIT adjustments
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| deposit slip (ticket) | A record of amounts being deposited
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| Reconcilation | The process of adjusting the bank statement and checkbook register to equal amounts
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
adotson
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