Question

Match the banking term with its definition.A. List currency coin and checks deposits into an accountB. A document signed by the depositor instructing the bank to pay a specified amount of moneyC. A record set up by a bank for its customerD. Explains the reason for paymentsE. Electronic transfer of cash from one party to another.a. Deposit ticket b. checkc. bank accountd. Remittance advicee. Electronic funds transfer

Answer 1

Banking terms such as deposit ticket, check, bank account, remittance advice, and electronic funds transfer are matched with their respective definitions.

Step-by-step explanation:

To match the banking term with its definition:

A. Deposit Ticket - List currency, coin, and checks deposits into an account.

B. Check - A document signed by the depositor instructing the bank to pay a specified amount of money.

C. Bank Account - A record set up by a bank for its customer.

D. Remittance Advice - Explains the reason for payments.

E. Electronic Funds Transfer - Electronic transfer of cash from one party to another.

Depositors utilize bank services like deposit tickets, checks, and electronic funds transfers for convenience and security. These tools aid in managing finances effectively.

Answer 2

A. Deposit ticket: List currency coin and checks deposits into an account.

B. Check: A document signed by the depositor instructing the bank to pay a specified amount of money.

C. Bank account: A record set up by a bank for its customer.

D. Remittance advicee: Explains the reason for payments.

E. Electronic funds transfer: Electronic transfer of cash from one party to another.

Step-by-step explanation:

A. Check: List currency coin and checks deposits into an account.

B. Deposit ticket: A document signed by the depositor instructing the bank to pay a specified amount of money.

C. Bank account: A record set up by a bank for its customer.

D. Remittance advicee: Explains the reason for payments.

E. Electronic funds transfer: Electronic transfer of cash from one party to another.