Question: Match the statements with the correct terms. a. bank statement b. check c. checkbook d. checking account e. reconciliation _______ The process of balancing the
Match the statements with the correct terms. a. bank statement b. check c. checkbook d. checking account e. reconciliation _______ The process of balancing the amount in checkbook statement so the balances agree. _______ A written order that authorizes your bank to pay money or to transfer funds from your account to the check holder. _______ A listing of the checks paid, deposits made, charges against the account, and the balance specific date. _______ An account opened at a bank for the purpose of making payments from funds on deposit in that bank. _______ Includes checks and a record of checks written and deposits made into an account. Complete the following statement by filling in the correct terms. A bill payment made directly from your checking account on a regularly scheduled basis is a(n) _______. _______ is a line of credit to write checks for more than the actual balance. _______ is an electronic network that enables banks to transfer funds. _______ allows customers to access their checking account funds immediately. _______ is the process of moving funds electronically from an account in one bank to an account in another bank. A payment made by a deposit directly to the receiver's bank account rather than by mailing a check is _______. _______ a allows you to pay bills using the Internet. Bank accounts are insured by FDIC for _______ for each depositor per institution. A(n) _______ is used by banks to show cleared checks 14, A(n) online or with your statement
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