Question

You paid your termite company $65.00 for the quarterly inspection. Would this be a withdrawal or deposit?

Answer 1

Withdrawal

Explanation:

This would be a withdrawal from your bank account. When you pay for something, you are taking money out of your account. In this case, you are paying $65.00 to your termite company, so you would be withdrawing $65.00 from your bank account.

A deposit, on the other hand, is when you put money into your bank account. For example, if you received a paycheck, you would deposit that money into your bank account.