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In a reconciled bank statement, any deposits that were made too late to appear on the bank statement should be:
Withdrawal slip
Electronic funds transfer (EFT)
Subtracted from the previous balance.
Added to the bank statement balance.
restrictive endorsement.
Blank
Supervising banks
Basic
The amount of a check recorded in the register should be:
Withdrawal slip
Electronic funds transfer (EFT)
Subtracted from the previous balance.
Added to the bank statement balance.
restrictive endorsement.
Blank
Supervising banks
Basic
Holding reserve deposits for its member banks is an example of which role/responsibility of the Federal Reserve?
Withdrawal slip
Electronic funds transfer (EFT)
Subtracted from the previous balance.
Added to the bank statement balance.
restrictive endorsement.
Blank
Supervising banks
Basic
Anyone may cash a check that has which endorsement?
Withdrawal slip
Electronic funds transfer (EFT)
Subtracted from the previous balance.
Added to the bank statement balance.
restrictive endorsement.
Blank
Supervising banks
Basic
Zack has endorsed a check by writing “For deposit only” above his signature. This is a
Withdrawal slip
Electronic funds transfer (EFT)
Subtracted from the previous balance.
Added to the bank statement balance.
restrictive endorsement.
Blank
Supervising banks
Basic
The automated clearing house (ACH) uses which technology?
Withdrawal slip
Electronic funds transfer (EFT)
Subtracted from the previous balance.
Added to the bank statement balance.
restrictive endorsement.
Blank
Supervising banks
Basic
To make a withdrawal from a savings account, prepare a/an:
Withdrawal slip
Electronic funds transfer (EFT)
Subtracted from the previous balance.
Added to the bank statement balance.
restrictive endorsement.
Blank
Supervising banks
Basic
Manuel only writes a few checks each month, and only maintains a balance of $300. What type of checking account would be best for Manuel?
Withdrawal slip
Electronic funds transfer (EFT)
Subtracted from the previous balance.
Added to the bank statement balance.
restrictive endorsement.
Blank
Supervising banks
Basic
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