15
QuizMultiple Choice

Checking Accounts

Question 15 • POP Financial Math 26/27

Nick is making a deposit with a check and wants cash back. His deposit slip has his name, his account number, the date, the amount of the check, his signature, the total deposit amount, and what else?

Answer
A
A record of his last deposit
B
The check number
C
His account balance
D
The amount of cash he wants

Explanation

Because Nick wants cash back, his deposit slip should state how much cash he wants to receive. The check amount is divided between the cash he takes and the amount deposited into his account, so the cash amount is needed to calculate the total deposit. The correct choice is “The amount of cash he wants.”

AI-written and checked against the verified answer.