Contemporary Mathematics for Business and Consumers
7th Edition
ISBN: 9781285189758
Author: Robert Brechner, George Bergeman
Publisher: Cengage Learning
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Textbook Question
Chapter 4, Problem 1CR
A(n) ___________ is a written order to a bank by a depositor to pay the amount specified from funds on deposit in a checking account. (4-1)
Expert Solution & Answer
To determine
To fill: The blank space in the statement, “A(n)____ is a written order to a bank by a depositor to pay the amount specified from funds on deposit in a checking account”.
Answer to Problem 1CR
Solution:
A check or draft is a written order to a bank by a depositor to pay the amount specified from funds on deposit in a checking account.
Explanation of Solution
A check or draft is a written order to a bank by a depositor to pay the amount specified from funds on deposit in a checking account.
A negotiable instrument that orders the bank to pay amount of money from person’s checking account to either a person or a business is known as draft or check.
Therefore, the correct fill for the blank is check or draft.
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Please ensure that all parts of the question are answered thoroughly and clearly. Include a diagram to help explain answers. Make sure the explanation is easy to follow. Would appreciate work done written on paper. Thank you.
Please ensure that all parts of the question are answered thoroughly and clearly. Include a diagram to help explain answers. Make sure the explanation is easy to follow. Would appreciate work done written on paper. Thank you.
Chapter 4 Solutions
Contemporary Mathematics for Business and Consumers
Ch. 4.I - Use the following blank to write a check for...Ch. 4.I - You have just received a check. Your account...Ch. 4.I - Fill out the deposit slip for Hi-Volt Electronics...Ch. 4.I - From the following information, complete the two...Ch. 4.I - You are the owner of the Busy Bee Launderette....Ch. 4.I - Prob. 2RECh. 4.I - You have just received a check. Your account...Ch. 4.I - You have just received a check. Your account...Ch. 4.I - You have just received a check. Your account...Ch. 4.I - Properly fill out the deposit slip for The Star...
Ch. 4.I - Properly fill out the deposit slip for Howard...Ch. 4.I - 8. From the following information, complete the...Ch. 4.I - From the following information, complete the...Ch. 4.I - 10. From the following information, complete the...Ch. 4.II - Using the form provided, reconcile the following...Ch. 4.II - 1. On April 3. Erin Gardner received her bank...Ch. 4.II - Bob Albrecht received his bank statement on July 5...Ch. 4.II - On December 2. John Leahy received his bank...Ch. 4 - 1. A(n) ___________ is a written order to a bank...Ch. 4 - On a check, the ___________ is the person or...Ch. 4 - When a(n) ___________ card is used, the amount of...Ch. 4 - 4. Write the word form of $52.45 as it would...Ch. 4 - Prob. 5CRCh. 4 - Prob. 6CRCh. 4 - Prob. 7CRCh. 4 - Prob. 8CRCh. 4 - Attached by perforation to checks, check...Ch. 4 - Prob. 10CRCh. 4 - Prob. 11CRCh. 4 - Prob. 12CRCh. 4 - Prob. 13CRCh. 4 - Prob. 14CRCh. 4 - Prob. 1ATCh. 4 - 2. You have just received a check. Your account...Ch. 4 - As cashier for Cellinis Pizza, it is your...Ch. 4 - Simon Fitzrowdy checked his checking account...Ch. 4 - Prob. 5ATCh. 4 - 6. On October 1, Jessica Clay received her bank...Ch. 4 - Using the form on page 121, prepare a bank...
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