12.CHECKING ACCOUNT

When opening a checking account, the bank does not run an account verification if you provide a state-issued ID.

False

Select all the tasks associated with maintaining a checking account.

Record and subtract cash withdrawals from an ATM. Balance the checking account. Record and add interest. Record paycheck deposits in a check register.

Jordan already has a checking account. She wants to deposit a check that she received from her aunt for her birthday. What should Jordan do?

Sign the back of the check, complete a deposit slip, and bring it to the teller.

Match the terms to their definition.

account verification - a process where banks check your credit history to make sure you will be a responsible account holder checkbook register - a booklet used to track deposits and withdrawals from a checking account payee - the person or company to which you are writing a check

What should appear in this section of a check register?

amount deposited

When writing a check, you complete all of these steps except for _____.

signing the back of the check