Final answer:
A check sorter is responsible for sorting and routing checks from different banks for processing. This role is crucial for the management of interbank transactions and the efficient functioning of the banking system. The correct answer is d) Check sorter.
Step-by-step explanation:
The individual responsible for sorting checks from different banks and ensuring they are routed correctly for processing is known as a check sorter. Therefore, the correct answer to the question is (d) Check sorter.
Check sorters play a crucial role in the banking process by using specialized equipment and software to organize checks according to their destination banks and account information.
In addition to the check sorting process, it is important for students to understand other banking concepts mentioned in the activity, such as why individuals and businesses deposit money in banks, the purpose and need for checking accounts, what a money order is, the function of savings and loan banks (S and L's), and the role of a credit union. The correct answer is d) Check sorter.