What is a written order directing a bank to pay a specific amount from one account to another?

What is a written order directing a bank to pay a specific amount from one account to another?

• A. Bank Statement
• B. CD
• C. Check
• D. Check Register

Answer: (C)

A check is a written order to your bank to pay a specified amount to the person or business named on it, drawn from the writer’s account. When you write a check, you’re instructing the bank to debit your account and credit the payee’s account for the stated amount, effectively transferring funds from your account to the recipient. The other items don’t perform that transfer: a bank statement only records activity, a certificate of deposit is a time deposit, and a check register is your personal record of checks written. The key idea is that a check is the instrument that directs the bank to pay a set amount from one account to another.

A check is a written order to your bank to pay a specified amount to the person or business named on it, drawn from the writer’s account. When you write a check, you’re instructing the bank to debit your account and credit the payee’s account for the stated amount, effectively transferring funds from your account to the recipient. The other items don’t perform that transfer: a bank statement only records activity, a certificate of deposit is a time deposit, and a check register is your personal record of checks written. The key idea is that a check is the instrument that directs the bank to pay a set amount from one account to another.