Match Each Term with Its Definition

question 4

Multiple Choice

Match each term with its definition.
-Record of a deposit given to a customer at the time of the deposit

• A)deposit record
• B)deposit slip
• C)electronic funds transfer system
• D)endorsement
• E)endorser
• F)third-party check
• G)limited check
• H)maker
• I)MICR numbers
• J)money order

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Definitions:

U.S. Treasury

The department of the federal government responsible for managing government revenue, issuing currency, administering public debt, and overseeing fiscal policy.

Mid-2010

A reference to the middle part of the year 2010, often used in economic and demographic analyses.

Deposit Expansion Multiplier

A ratio that indicates the potential increase in money supply through the banking system's ability to lend more based on reserves.

Vault Cash

The physical money that banks keep in their vaults as part of their reserves.