A payee is
IBT Chapter 29-Checking Accounts

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Computers
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9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
the business or person to whom the check is written
2.
FLASHCARD QUESTION
Front
A regular checking account is
Back
designed for customers who write a few checks each month
3.
FLASHCARD QUESTION
Front
A record of an account holder's signature used to verify the identity is called a(n)
Back
signature card
4.
FLASHCARD QUESTION
Front
An overdraft is
Back
the amount that is overdrawn
5.
FLASHCARD QUESTION
Front
Online banking allows customers to
Back
check their balances, transfer money, pay bills.
6.
FLASHCARD QUESTION
Front
An advantage of checking accounts is that
Back
they enable consumers to keep records of their financial transactions
7.
FLASHCARD QUESTION
Front
The person who wrote the check and is paying the money is the
Back
drawer
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