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A QUIZ ABOUT CHECKING TERMS

Match these banking terms with the correct definitions:

1. Check register

2. Bounced check

3. Cleared check

4. Memo

5. Outstanding check

a. A check that is still going through financial institution processing.

b. The area on the check that notes what the check was written to pay for.

c. A form to keep track of your checking account transactions.

d. A check that is written when there is not enough money in the account.

e. A check that has gone through the financial institution's processing service.

Answers: 1.c; 2. d; 3. e; 4. b; 5. a.

Source: www.aboutchecking.com

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