which checking account term is correctly matched with its explanation?\nbank statement: a letter from the…

which checking account term is correctly matched with its explanation?\nbank statement: a letter from the bank that informs a depositor of a change in checking account interest\nendorsement: signature required on the back of a check in order for the check to be cashed or deposited\nreconcile: changing the amount a person deposits in a savings account to match the balance in a checking account\noverdraft: the difference between the amount due on a bill and the amount of the check sent to pay the bill

which checking account term is correctly matched with its explanation?\nbank statement: a letter from the bank that informs a depositor of a change in checking account interest\nendorsement: signature required on the back of a check in order for the check to be cashed or deposited\nreconcile: changing the amount a person deposits in a savings account to match the balance in a checking account\noverdraft: the difference between the amount due on a bill and the amount of the check sent to pay the bill

Answer

Brief Explanations:

A bank statement is a summary of account - related transactions over a period. An endorsement is indeed the signature on the back of a check for cashing or depositing. Reconciling is about matching account records, not changing deposit amounts between accounts. An overdraft occurs when an account has insufficient funds to cover a transaction.

Answer:

B. Endorsement: signature required on the back of a check in order for the check to be cashed or deposited