When Money Is to Be Added to a Checking Account

question 69

Multiple Choice

When money is to be added to a checking account, a___________ is normally filled out.

• A) signature card
• B) receipt
• C) deposit slip
• D) check book

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Definitions:

Deposit

A sum of money placed or kept in a bank account, usually to gain interest.

Savings Account

A deposit account held at a bank or institution that pays interest but typically has limitations on how often withdrawals can be made.

Interest

The expense involved in obtaining a loan, conventionally denoted as an annual percentage rate.

Retirement Account

A financial arrangement designed to replace employment income upon retirement, often offering tax benefits to encourage saving for the retirement years.