Question

Knowledge Check 01 Item #1 Item #2 Item #3 Item 4 Used by bank employees to verify signatures on checks Lists items such as currency and checks along with their dollar amounts A transfer of cash from one party to another that does not involve a paper document Signed by the depositor instructing the bank to pay a specified amount of money to a designated recipient

Answer 1

Deposit checks are provided by the bank as a proof of the deposit it includes the list of currency and checks along with dollar amount. Further Signature card as the name suggests is used for verification of signature on the checks by the bank.

Further check is a negotiable document which instruct the bank to pay to a party whose name is given in check a specific amount which is signed by depositors. And electronic fund transfer involves the transfer of funds from one Account to another through electronic means does not involve a paper document.

Thus,

Item #1 : Used by bank employees to verify signature of checks. -----Signature card.

Item #2 : Lists items such as currency and checks along with their dollar amount ----- Deposit Ticket.

Item #3 : A transfer of cash from one party to another that does not involve a paper document ------Electonic fund transfer.

Item #4 : Signed by the depositor instructing the bank to pay a specified amount of money to the designated recipient ------Check.