Match the Following Terms with Their Definitions

question 64

Multiple Choice

Match the following terms with their definitions.
-Bank reconciliation

• A)Document that records deposit
• B)Added to bank balance
• C)Used in mobile banking
• D)Automatic teller machines
• E)One to receive amount of check
• F)Bank adds to your account
• G)Record keeping device
• H)Bounced check
• I)Check must be deposited to payee's account
• J)A report sent by bank
• K)Total credit card sales minus credit accounts
• L)Identifies to whom check is to be transferred
• M)Bank is charging your account
• N)No restrictions
• O)One who writes a check
• P)Eliminates the use of paper checks
• Q)Signing back of checks
• R)Comparing bank balance to checkbook balance
• S)Not processed by bank yet

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Definitions:

Indifference Curves

A graph showing different bundles of goods between which a consumer is indifferent, representing equal levels of utility.

Income Effect

Adjustments in the financial earnings of an individual or an economy and the corresponding effect on the quantity of goods or services demanded.

Indifference Curve

A graph showing different combinations of two goods that give a consumer equal satisfaction and utility.

Utility Level

A measure of the satisfaction or happiness that individuals get from the consumption of goods and services.