Expert answer:Multiple Choice Question dealing with subject math
Answer & Explanation:QUESTION 1A _____________________ shows a mistake in a deposit transaction that increases your balance.A.debit memoB.credit memoC.credit cardD.debit card10 points QUESTION 2A _________________ is a credit transaction where the money is transferred electronically from the customer’s credit card company when the sale is made.A.credit transactionB.debit transactionC.check registerD.point-of-sale transaction10 points QUESTION 3Whenever a checking account is opened, those persons authorized to write checks on the account must sign a _____________________.A.statement of intentB.payment voucherC.signature cardD.will and testament10 points QUESTION 4The _______________________ works just like a check except that the transaction is posted electronically at the time the transaction is made.A.credit cardB.cash paymentC.debit cardD.IOU10 points QUESTION 5Before a check can be cashed, it must be ______________.A.endorsedB.scannedC.electronically cleanedD.cancelled10 points QUESTION 6The process of making the bank statement agree with the account register is called a bank statement _____________.A.accountingB.mergerC.reportD.reconciliation10 points QUESTION 7A banking activity that changes the amount of money in a bank account is a _____.A.transactionB.depositC.checkD.service charge10 points QUESTION 8An EFT is an _____.A.electronic funds ticketB.electric funds transferC.electronic funds tellerD.electronic funds transfer10 points QUESTION 9The endorsement “Pay to the order of Stormy’s Pet Service” indicates that Stormy’s is the __________A.payeeB.payorC.makerD.bank10 points QUESTION 10A PIN authorizes a transaction on a _____ card or a(n) _____ card.A.debit, creditB.debit, ATMC.credit, ATMD.check, debit
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