Question

Francenie has a checking account at Corner Bank. She wants tickets to an upcoming concert. She writes a check to Ticketmaster for the cost of two tickets. In this scenario ______.

Answer 1

Francenie uses a personal check to pay Ticketmaster for concert tickets, which involves the transfer of funds from her checking account to Ticketmaster's once the check is deposited.

Step-by-step explanation:

The student's question relates to the use of a check to pay for concert tickets, demonstrating a basic business and personal finance concept. Francenie, who has a checking account at Corner Bank, writes a check to Ticketmaster to purchase two tickets for an upcoming concert. This action involves writing a personal check as payment, which is a common transaction method that allows individuals to pay for goods or services without the need for carrying cash. The check is a promise that Francenie has the necessary funds in her bank account to cover the cost of the tickets, and once Ticketmaster deposits the check, the amount will be transferred from Francenie's account to Ticketmaster's account.