Solved

Match Each Statement to the Item Listed Below

Question 45

Matching

Match each statement to the item listed below

Premises:
full endorsement
EFT
blank endorsement
restrictive endorsement
overdraft protection
ACH
reconciliation
digital check image
Responses:
a signature on the back of a check
a check endorsed with "for deposit only"
a checking account linked with another account to transfer funds in case of an overdraft
an electronic network that allows banks to transfer funds between institutions
the process of balancing a check register with a bank statement
the process of moving funds electronically
a picture or digital image of a paper check
a check endorsed with "pay to the order of"

Correct Answer:

full endorsement
EFT
blank endorsement
restrictive endorsement
overdraft protection
ACH
reconciliation
digital check image
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