Banking Multiple Choice Test

To put money in the bank

To remove money from the bank

A business interaction

An arrangement to receive cash, goods, or services now and pay for them in the future.

To take money from a person or bank and agree to pay it back to them at a later time

A record of the amount of money a customer has deposited into or withdrawn from a bank

A report of deposits, withdrawals, and bank balances sent by a bank

Account-related fees for customers, such as late fees and overdraft fees.

A check written for more money than your account contains

To write one's signature on the back of a check

A written order directing a bank to pay money

To move money from one account to another

Your account is protected even if you have insufficient funds in your account.

When you try to purchase an item using a check or debit card without having enough money in your bank accoun

An electronic deposit of a paycheck

Deposits that are delayed so banks can clear them

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